Q: Do the remainderman of a life estate receive any proceeds from the sell of the land when it is sold?
my dad and cousin became life estate tenants resulting from the death of my great uncle. My sister and I were named as the remainderman. if we all agree to sell this property, will we as remainderman, receive any of the proceeds from the sell. if so, how would our share be calculated?
A: It should be the percentage actuarial value attributable to the remained share.
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