Retained and Granted Life Estates

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-26T18:10:55.000
dc.date.accessioned 2020-06-29T22:58:29Z
dc.date.available 2020-06-29T22:58:29Z
dc.date.embargo 2018-02-21
dc.date.issued 2017-08-25
dc.description.abstract <p>Confusion sometimes reigns when mention is made of <em>granted </em>life estates and <em>retained </em>life estates. The two are quite different,<strong>1 </strong>and are governed by different rules. <em>Retained </em>life estates usually involve original ownership of property with the decision made to grant another a limited interest for a designated time but with retention of the remaining interest. A <em>granted </em>interest is the interest given to another but of less than the entire interest. As an example, the father as owner of a section of farmland purchased the land in 1970 and farmed the land himself but granted to his only child in late 2017 a right to farm the land on his retirement beginning March 1, 2018 until the father’s death (or, after his father’s death, the granted life estate could become full ownership). That would be a granted life estate to the son. The father would have the remaining interest in the land until his death or until he sold the retained interest or gifted the retained interest to another.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol28/iss17/1/
dc.identifier.articleid 2374
dc.identifier.contextkey 11615422
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol28/iss17/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3853
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol28/iss17/1/AgLawDigest_v28n17_01.pdf|||Fri Jan 14 17:52:56 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Retained and Granted Life Estates
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 1d392f3d-ba1b-4ba6-8616-8039336fd3d7
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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