July 31, 2025 • 2 min read
What rights does a life estate grant to a lifetime beneficiary and how is a remainder interest determined when a will designates a remainderman? (WY)
Detailed Answer Under Wyoming law, a life estate grants a person (the life tenant) a present, possessory interest in property for the duration of their life. A life tenant may occupy the property, collect rents or profits, and make ordinary repairs. They must not commit waste—meaning they cannot strip resources, permit significant deterioration, or misuse […]
Read article →