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Other Fields Homework Help Accounting Topic started by: safezone on Feb 15, 2017



Title: Calvin transfers land to a trust. Calvin retains the right to the income from the land for the rest ...
Post by: safezone on Feb 15, 2017
Calvin transfers land to a trust. Calvin retains the right to the income from the land for the rest of his life. Upon his death, the land is to be transferred to his daughter, Melissa. Calvin's interest is
A) a remainder interest.
B) a life estate.
C) a reversionary interest.
D) a term certain.


Title: Re: Calvin transfers land to a trust. Calvin retains the right to the income from the land for the ...
Post by: genflynn on Feb 15, 2017
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Title: Re: Calvin transfers land to a trust. Calvin retains the right to the income from the land for the ...
Post by: kmk850 on Nov 14, 2019
Thanks!