Estates Vocab

Question 1

Curtsey

Answer 1

A life estate of a husband in the real estate of his deceased wife. Dower refers to the portion to which a surviving wife is permitted. Nevertheless, curtsey discusses to what a man may claim. These amounts varied in a number of states

Question 2

Dower

Answer 2

A life estate of a wife in the real estate of her deceased husband. Dower refers to the portion to which a surviving wife is permitted. Nevertheless, curtsey discusses what a man may claim. These amounts vary depending on the states. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouses dower, curtsey or statutory share rights.

Question 3

Estate at will

Answer 3

Also known as tenancy at will. An estate in which a person holds or occupies real estate with the permission of the owner for an unspecified or uncertain period of time.

Question 4

Fee simple defeasible

Answer 4

This is the highest form of ownership in real estate. This provides the complete bundle of rights. Also called fee title or fee simple title. A fee defeasible is a fee simple that could END with the violation of an condition. If the conditions are never violated, the property will be owned open endedly