Property Ownership
In Georgia, a life tenant has the right to use the property but has obligations that include:
AA. Paying estate taxes on the remainder interest
BB. Preventing waste — not diminishing the property's value for the remainderman✓ Correct
CC. Purchasing insurance benefiting the remainderman
DD. Obtaining the remainderman's consent to make repairs
Explanation
A life tenant must prevent waste, meaning they cannot damage or significantly diminish the value of the property that will pass to the remainderman. The life tenant may use and enjoy the property but cannot destroy its future value.
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