Expert, localized Los Angeles answers provided by Heather Roy

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Life Estate

  if i deed a piece of property to someone and retain a life estate in that property,am i supposed to pay the taxes on it??
 
  If you are the life tenant, you are the owner as long as you're alive.  As the owner, you pay the taxes.
    Edith
Originally published on May 20, 2008
 
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