Henry owns a California home and conveys it to his daughter 'for the life of Henry's wife, Margaret.' This arrangement is BEST described as:
Correct Answer
B) A life estate pur autre vie measured by Margaret's life
A life estate pur autre vie is a life estate measured by the life of someone other than the life tenant. Here, the daughter holds the life estate, but it is measured by the life of Margaret (Henry's wife). When Margaret dies, the daughter's estate terminates and the property passes to the remainderman or reverts to the grantor.
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In California, three sisters — Anna, Beth, and Carol — own a property as joint tenants. Anna sells her interest to her friend, Dave. What is the resulting ownership structure?
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A married couple in California takes title to a rental property as community property. One spouse contributes $100,000 from pre-marriage savings as a down payment; the remaining $400,000 mortgage is paid entirely from wages earned during the marriage. If the couple later divorces, how will a California court MOST likely classify the property?