A grantor deeds a residence 'to my sister for life, then to my nephew.' The sister's life estate ends when:
Correct Answer
A) The sister dies
A life estate lasts exactly as long as its measuring life. Here the grant is to the sister for life, so her own life is the measure and the estate ends at her death, at which point the nephew's remainder becomes possessory. Had the deed measured the estate by another person's life, an estate pur autre vie, it would end on that person's death and could outlast the life tenant. Nothing else in the instrument fixes a termination date.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
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