Property law validating life

Posted by / 30-Aug-2017 09:40

Property law validating life

B will either survive A (in which case B's remainder will vest and C’s will fail), or B will die before A (in which case B's remainder will fail and C’s will vest).Because A is a life in being, both contingent remainders will vest or fail within the perpetuities period.As in note 3(a), O’s reversion satisfies the RAP as an already vested interest. For this problem, I'm taking the language "then to B if the Chicago Cubs win the World Series by 2050, but if the Cubs do not win the World Series by 2050, to C" and changing it to "then to B if Mizzou wins the NCAA title by 2050, but if Mizzou does not win the NCAA title by 2050, to C." O conveys "to A for life, then to B if Mizzou win the NCAA title by 2050, but if Mizzou does not win the NCAA title by 2050, to C." O’s conveyance attempts to create a life estate in A, a contingent remainder in fee simple absolute in B, an alternative contingent remainder in fee simple absolute in C, and a reversion in fee simple absolute in O.B and C’s interests are void under the RAP because the determining event—Mizzou winning the NCAA title by 2050—is not tied to a human life.

Do we simply go through each person in the chain of transfers, and ask if there is a validating life for each transfer? O conveys to A for life, then to As children for their lives, then to B if B is then alive, and if B is not then alive, to Bs heirs. The remainder to As children is valid, because it vests (or fails) upon As death, so A is the validating life.

Model Laws Pet Trust Read Commentary The ability to make an enforceable trust for the care of companion animals has become a hot issue, with many states adopting provisions that take the uncertainty out of how to administer estates with specific provisions made for animals.

The most widespread language adopted from Section 408 of the new Uniform Trust Code issued by the National Conference on Commissioners on Uniform State Laws.

A petition to admit a will to probate, or a petition for the administration of the estate of a person dying intestate, is properly filed in the probate court in the county in which the person resided at the time of his or her death.

Probate administration may not be necessary upon the death of an individual.

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Answers/Explanations for RAP in RAP Problem Sets (pages 315, 317-318, 325-326) Note 3(a), page 315.