If a decedent spouse owns a home as separate property, and provides in the trust for the surviving spouse to live in the house, reserving it for other beneficiaries when the survivor dies: Is the trust responsible for the taxes, upkeep, improvements, or is the survivor?
Thanks
It has always been my understanding (sorry, no citation) that the owner of a Life Estate was responsible for the expenses associated with that Life Estate (i.e. he receives the benefits "net").
On Thu, 16 Nov 2006 07:11:14 -0600, "Gil Faver"
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