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An example of giving property to beneficiaries before death is through a life estate deed. It's a well-liked method of avoiding the probate procedure.

What kind of interest does a life estate leave to the original owner after it expires?

Reversion. The estate reverts to the original owner or the owner's heirs if there is no remaining estate formed. The first owner in this instance still holds a reversionary interest or estate. The conventional and the legal life estates are the two different forms of life estates.

Any real estate that is left over after someone passes away without leaving a will will be transferred to the state via a process known as quizlet.

escheat. When an owner dies and leaves their property in escheat (revert), the state may purchase it There are no heirs, no will or living trust specifying how the real estate will be divided.

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