Question

Howard passed away last year. His estate included investments and two apartment buildings. What type of estate does his wife Julia hold relative to the apartment buildings?

Answer 1

Julia holds a dower estate in relation to the apartment buildings, which grants her a limited interest and the right to use and benefit from a one-third interest in the real estate for the rest of her life.

Step-by-step explanation:

Julia holds a dower estate in relation to the apartment buildings.

A dower estate is a type of legal right granted to a surviving wife that allows her to have a limited interest in her deceased husband's real property. Specifically, it gives her the right to use and benefit from a one-third interest in the real estate for the rest of her life.

For example, if the apartment buildings generate rental income, Julia would be entitled to receive one-third of that income for as long as she lives, even if the property is eventually sold.