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Frank has two interests in property. On property “X,” Frank has a life estate measured by the life of his Uncle Sal. On property “Y,” Frank has a fee simple estate. Frank wishes to transfer, upon his death, his interest in the two properties to his wife, Samantha. Prior to Frank’s executing his will, Uncle Sal dies. Frank still wishes to will the properties to his wife, but he now is uncertain whether he has the right to do so. Can Frank will the two property interests to Samantha?

Financial Management, Finance

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