Your images of the 'Usain Bolt pose'. Updated 11:47 AM ET, Fri August 10, 2012. Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds. Usain Bolt fans across the world have been celebrating his sprinting success by striking the famous 'Bolt pose' in a number of creative locations.
A life estate is a co-interest in property, which allows the party owning the life estate, known as the life tenant, to use and enjoy the property for his or her lifetime. The interest of the life tenant terminates immediately upon his or her death, and ownership transfers to the âremaindermanâ named in the deed or will.
1 The homeowner wants to avoid probate for their children. By creating a life estate, the property avoids probate and the remainderman immediately becomes the owner of the property upon the life tenantâs death.  The property receives a step-up in basis.