Re the bolded: While I agree that it can't "just be rescinded" it certainly can end up rescinded as part of the divorce. Unless the OP's dad has a really bad lawyer they are not going to end up...
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Re the bolded: While I agree that it can't "just be rescinded" it certainly can end up rescinded as part of the divorce. Unless the OP's dad has a really bad lawyer they are not going to end up...
I highly doubt that a life estate could be valued at 60% of the value of the house.