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2013 West Virginia Code
CHAPTER 43. DOWER AND VALUATION OF LIFE ESTATES
ARTICLE 2. VALUATION OF LIFE ESTATES.
§43-2-3. Examples.


WV Code § 43-2-3 (through 1st Spec. Sess. 2013) What's This?

Suppose a person whose age is fifty is tenant for life in the whole of an estate worth $18,000. The annual interest on that sum at five and six-tenths percent is $1,008. The present value of an annuity of one dollar at the age of fifty, as appears by the table in the annuity column, is $13.3158, which multiplied by $1,008, the amount of the annual interest, gives $13,422.33 as the gross value of such life estate in the premises or the proceeds thereof.

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