In which of the following scenarios does a deed specify that property will be inherited by someone after a certain life event?

In which of the following scenarios does a deed specify that property will be inherited by someone after a certain life event?

• A. Life estate pur autre vie
• B. Fee simple absolute
• C. Reversionary interest
• D. Leasehold estate

Answer: (A)

The correct answer is that a life estate pur autre vie involves a deed specifying that property will be inherited by someone after a certain life event. This type of estate grants ownership of the property to an individual for the duration of their life, and upon their death, the property passes on to a third party, known as the remainderman. This arrangement allows for the transfer of interest based on the lifespan of someone other than the individual currently holding the title. In this context, the individual who holds the life estate benefits from the property during their lifetime, but the right to ownership is contingent upon reaching a specific life event, such as the death of the individual with the life interest. This mechanism is designed to control future ownership and ensure that it aligns with the wishes of the grantor. Other types of interests described do not specifically relate to inheritance triggered by a life event in the same way. Fee simple absolute provides full ownership of the property with no conditions attached. A reversionary interest pertains to the original owner regaining ownership after the expiration of a lesser estate, but it does not involve anyone inheriting the property based on life events. A leasehold estate allows for the use of the property over a specified period but does not confer ownership rights

The correct answer is that a life estate pur autre vie involves a deed specifying that property will be inherited by someone after a certain life event. This type of estate grants ownership of the property to an individual for the duration of their life, and upon their death, the property passes on to a third party, known as the remainderman. This arrangement allows for the transfer of interest based on the lifespan of someone other than the individual currently holding the title.

In this context, the individual who holds the life estate benefits from the property during their lifetime, but the right to ownership is contingent upon reaching a specific life event, such as the death of the individual with the life interest. This mechanism is designed to control future ownership and ensure that it aligns with the wishes of the grantor.

Other types of interests described do not specifically relate to inheritance triggered by a life event in the same way. Fee simple absolute provides full ownership of the property with no conditions attached. A reversionary interest pertains to the original owner regaining ownership after the expiration of a lesser estate, but it does not involve anyone inheriting the property based on life events. A leasehold estate allows for the use of the property over a specified period but does not confer ownership rights