A property owner conveys property "to my friend for life, and then to my estate." Based on this conveyance, what type of future interest does the original property owner hold?
An executory interest
A reversion
A vested remainder
A contingent remainder
The correct answer is a reversion. A reversion is a future interest retained by the grantor when they convey a lesser estate than they own, and no other person is specified to take the property upon the termination of that lesser estate. In this scenario, the grantor conveyed a life estate to their friend and specified that the property would revert to their own estate (essentially themselves or their heirs). This satisfies the definition of a reversion, as the property does not go to a third party, such as a remainder beneficiary. Other options are incorrect because they describe different types of future interests that are not applicable: (1) A remainder occurs when the future interest is granted to a third party, and (2) an executory interest typically cuts short another estate or interest.
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
All Bar Prep Package plans include the following perks and exams .
Our pricing is simple. Full access to all certifications and exams in each package, for one price.
As many practice tests for as many topics as you want.
Use study mode non-stop, no limits.
Access to our AI assistant, Bash, trained to help you pass your exam.
Track your scores over time in study mode and report cards.
See how you improve over time, and where you need to focus.
All Bar Prep Package plans include unlimited access to the following study materials.
Create an account or sign in to access our study materials.