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GarryVolchara [31]
2 years ago
13

John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about

her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him.
Required:
What would John's attorney probably have advised him to do to achieve these goals?
Business
1 answer:
Lelechka [254]2 years ago
3 0

The option that John's attorney is going to advise him to do in order to achieve these goals would be to give a life estate to Brenda.

<h3>What is a life estate?</h3>

A life estate can be described to be an estate that a person owns and they are able to use it during the period of their lifetime.

The attorney would advise John on this with the right of reversion after she dies.

Read more on life estate here:

brainly.com/question/14115541

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Which of the following statements is false concerning the use of ABC in service industries?
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