Ruby owned a farm that has been in her family for four gener…
Ruby owned a farm that has been in her family for four generations, and she wanted to ensure that it would remain in the family. So on December 6, 2005, Ruby quitclaimed a life estate interest in her 120-acre farm to herself, and a remainder to remainder to her son Kurt. One day later, Kurt died in a car accident. Kurt did not have a will and his two young sons who live with his ex-wife are his heirs. Who owns what interest in the farm?
Read DetailsIn 2002, Linda Klein Jackson died with a will leaving her la…
In 2002, Linda Klein Jackson died with a will leaving her lake home “to Andrew for life, then to such of the grandchildren of Andrew who reach the age of 21.” At the time of Linda’s death, Andrew was 43 years old and had two daughters, Katy and Christina. Upon Linda’s death, Andrew owned which interest in the lake home?
Read DetailsIn 2011, Leanna wrote a will stating that “I now give, devis…
In 2011, Leanna wrote a will stating that “I now give, devise and bequeath Wynbrooke Plantation to Sara, but if Sara ever gets married, then in such case I do devise all of my property to Anna.” In 2012, Sara sold all of her property – real and personal – to Jeff for $480,000, which Sarah used to pay for college. Leanna died in July 2013. Two weeks later, Sara graduated from college and remains unmarried. Who owns the present possessory interest in Wynbrooke Plantation?
Read DetailsJuan Martinez wants to dispose of most of his property holdi…
Juan Martinez wants to dispose of most of his property holdings before he retires from his job as a real estate agent. Toward that end, Juan sold 20 acres of undeveloped land “to Angela so long as it is not developed.” Two weeks later, Bob sold his remaining interest in the undeveloped land “to Bob’s widow and her heirs.” At the time of the conveyance, Angela is 56 years old, Bob is 72 years old, and Bob’s wife Elizabeth is 70 years old. Angela owns:
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