A vested remainder in property can always be transferred during the owner’s lifetime regardless of statutes or restrictions imposed in the jurisdiction.
The correct answer is false. A vested remainder is typically alienable, meaning it can be transferred during the owner’s lifetime. However, there may be statutory restrictions or other legal limitations imposed by jurisdictions that can prevent the transfer of property interests. Examples include rules limiting the transferability of certain interests for public policy reasons, terms placed on the vested remainder, or rights of creditors. Therefore, while vested remainders are generally transferable, they are not always transferable in every circumstance.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What are vested remainders and how do they differ from other types of property interests?
Open an interactive chat with Bash
What are some common statutory restrictions that might affect the transfer of vested remainders?
Open an interactive chat with Bash
How do legal limitations on property transfers relate to public policy?