A Life Estate May Be for the Life of a Person

question 6

True/False

A life estate may be for the life of a person other than the owner.

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Definitions:

Retained Earnings

The cumulative amount of net income kept in the company after dividends are paid and not distributed to shareholders.

Market Value

The market value at which you can buy or sell an asset or service right now.

Stock Dividend

A distribution of additional shares of a company to its shareholders, rather than paying a cash dividend.

Stock Subscription

Stock subscription refers to the process of offering new shares to existing or potential investors, often before the public offering.