Future Estates Hypos Flashcards
Slide 21:
In 1600 O conveys Blackacre “to A for life, then B forever.”
What does A and B have?
If A dies, then B dies, what does O have?
A- life estate
B- remainder in Life Estate
O- O or Os estate
Slide: 20
In 1600 O conveys Blackacre “to A for life, then B forever.”
What estates do A and B have? What does O have?
A - Life Estate
B- remainder in life estate
O- reversion
Note: under modern law B would have FSA
Slide 22:
In 1600 O conveys Blackacre to A for life, then B forever.
Suppose the conveyance occurred in 2002?
What do A, B, O have?
This would be modern law:
A- Life Estate
B- Remainder in FSA
O- nada
Slide 23:
In 1600 A conveys Whiteacre to A for life, remainder to the heirs of B. B is alive in 1600 but dies intestate soon thereafter. Bs heir is C. Subsequently A dies.
What estate does C have?
When the Life Estate ends with A, it would go to B. But B died intestate which leaves a contingent remainder to C with an FSA.
O conveys Greenacre to A and her heirs. As only child, B, is a spendthrift and runs up large, unpaid bills. Bs creditors can attach Bs property to satisfy their claims.
Is Bs interest in Greenacre, reachable by Bs creditors?
No. B does not have an interest. He had an expectation of a future interest.
O conveys Greenacre to A and her heirs. As only child, B, is spendthrift and runs up large bills. Bs creditors can attach Bs property to satisfy their claims.
Suppose A wishes to sell Greenacre and use the proceeds to take a trip around the world. Can B prevent A from doing this?
No because B has no interest. Just an expectation.
Slide 27:
O, owner of Blackacre, has two children. A (daughter) and B (son). B then dies testate leaving everything to W, his wife. B is survived by three children, B1 (daughter), B2 (son), and B3 (daughter). a1 is born to A. Then O dies intestate.
Who owns Blackacre in 1800?
B2 because under common law, a spouse was not an heir and neither we’re daughters. Even if there is a will giving the property to a woman, she cannot inherit and it goes to the next man in line.
O conveys Blackacre to A and her heirs. If A dies intestate and without issue, will Blackacre escheat to the state?
No, it will go to the ancestors or collateral.
O conveys Blackacre to A for life, remainder to B and her heirs. B then dies intestate without hurts. A then dies. Who owns Blackacre?
B has a vested remainder in FSA, a has a LE, o has nothing. It would escheat to the state bc there is no heirs and no will.
In England in 1800, O conveys Blackacre to A and her heirs male.
What estate does A have?
Fee tail male
O conveys Blackacre to A for life, remainder to B and her heirs. B then dies intestate without hurts. A then dies. Who owns Blackacre?
B has a vested remainder in FSA, a has a LE, o has nothing. It would escheat to the state bc there is no heirs and no will.
In England in 1800, O conveys Blackacre to A and her heirs male.
What estate does A have?
Fee tail male
O conveys Blackacre to A for life, remainder to B and her heirs. B then dies intestate without hurts. A then dies. Who owns Blackacre?
B has a vested remainder in FSA, a has a LE, o has nothing. It would escheat to the state bc there is no heirs and no will.
In England in 1800, O conveys Blackacre to A and her heirs male.
What estate does A have?
Fee tail male
O conveys Blackacre, located in MA, to A and the heirs of her body. A dies leaving her only child B as her sole heir. B dies without having children, devising all her property to C.
What is the state of the title?
A- fee tail
B- fee tail
C- bupkis
O- reversion
O conveys Blackacre, located in MA, to A and the heirs of her body. A dies leaving her only child B as her sole heir. B dies without having children, devising all her property to C.
How should B have arranged her affairs to carry out her wishes?
By removing the fee tail by using a straw man
O owns a FSA and makes the following transfer. Is there a reversion?
O > “to A for life, then to B and her heirs.”
A - life estate
B- vested remainder
O - no because O gave away all he has
O owns a FSA and makes the following transfer. Is there a reversion?
o > “To A for life, then to B and the heirs of her body.”
A- life estate
B- fee Tail
O- yes, if the blood line runs out.
O owns a FSA and makes the following transfer. Is there a reversion?
o > “to A for life, then to B and her heirs of an attains the age of 21 before A dies.” At the time of conveyance, B is 15.
A- life estate
B- contingent remainder
O- reversion that is destroyed once B turns 21 and A is still alive.
O owns a FSA and makes the following transfer, is there a reversion?
O> “to A for 20 years.
A- term of years
O- reversion