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smoke & mirrors
Quote:
Originally posted by taxwonk
Well, actually, there is always a reversionary interest to the state. Look up "escheat" in your Black's. As to your point re: discounting, it's generally very difficult to accurately discount for a contnigent future interest. Where the contingency is highly remote, as it is with respect to the state, that vaulation would be nearly de minimis.
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This post has lots of large, legal-sounding words. What are you trying to pull here?
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