Question

Anna conveys to Anthony their family summer home in Maine while Anthony is alive and living in Maine. Upon Anthony's death or his moving out of the state of Maine, whichever occurs first, then the family summer home shall convey to Anna's then oldest living son. If Anthony remains in the Maine summer home until his death, then this (from Anthony's perspective) would be an example of

A. Fee Simple Absolute

B. Life Estate

C. Fee Simple Determinable with Possibility of Reverter

D. Fee Simple Subject to an Executory Interest

Answer 1

Answer:The correct answer is:

B. Life Estate

In this scenario, Anna conveys the family summer home to Anthony while he is alive and living in Maine. Upon Anthony's death (or if he moves out of the state of Maine, whichever occurs first), the property shall convey to Anna's then oldest living son. This arrangement grants Anthony a life estate in the property, which means he has the right to use and enjoy the property during his lifetime. However, the ownership will pass to Anna's oldest living son upon the occurrence of the specified events (Anthony's death or moving out of Maine).

Step-by-step explanation: