Examples of Conveyances
1600, B conveys to C forever
-B owns a fee simple (don't dispose of the entire fee).
-C owns a life estate.
B dies, C alive - B's interest goes to his heirs.
O, A for life, remainder to heirs of O
-A has a life estate
-When O dies, passes by inheritance to heirs.
-O has reversion in fee simple.
-Heirs have no interest.
-If A dies before O, property has to go back to O.
O, to A for life, remainder to heirs of X
-A has a life estate.
-Heirs of X: fee simple/remainder (contingent: don't know who heirs are, contingent on there being heirs of x)
-O has a reversion.
Z conveys to O + heirs.
O: to A for life
-Life estate: alienable (can be transferred)
-Indefinite duration.
-O retains a fee simple (reversion).
O: to A for life, then to B + heirs.
-A has a life estate.
-B has a fee simple (remainder)
-B does not have to be alive to take.
-If no heirs, escheats to state.
-O obtains no seisin (can only be transferred in the present).
1600, B conveys to C forever
-B owns a fee simple (don't dispose of the entire fee).
-C owns a life estate.
B dies, C alive - B's interest goes to his heirs.
O, A for life, remainder to heirs of O
-A has a life estate
-When O dies, passes by inheritance to heirs.
-O has reversion in fee simple.
-Heirs have no interest.
-If A dies before O, property has to go back to O.
O, to A for life, remainder to heirs of X
-A has a life estate.
-Heirs of X: fee simple/remainder (contingent: don't know who heirs are, contingent on there being heirs of x)
-O has a reversion.
Z conveys to O + heirs.
O: to A for life
-Life estate: alienable (can be transferred)
-Indefinite duration.
-O retains a fee simple (reversion).
O: to A for life, then to B + heirs.
-A has a life estate.
-B has a fee simple (remainder)
-B does not have to be alive to take.
-If no heirs, escheats to state.
-O obtains no seisin (can only be transferred in the present).
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