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  2. Life estate - Wikipedia

    en.wikipedia.org/wiki/Life_estate

    The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.

  3. Future interest - Wikipedia

    en.wikipedia.org/wiki/Future_interest

    Consider what happens when O transfers the property, "to A for life, then to B". Person A acquires possession of Blackacre. Person B does not receive any right to possess Blackacre immediately; however, once person A dies, possession will fall to person B (or his estate, if he died before person A). Person B has a future interest in the ...

  4. Reversion (law) - Wikipedia

    en.wikipedia.org/wiki/Reversion_(law)

    A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate).

  5. What to Do When a Loved One Dies - AOL

    www.aol.com/loved-one-dies-121300644.html

    What to Do If a Loved One Dies. The death of a loved one can be overwhelming. But even while processing the grief in the days and weeks afterward, those left behind are expected to finalize the ...

  6. What Happens to an Inheritance a Beneficiary Died? - AOL

    www.aol.com/happens-inheritance-beneficiary-died...

    If a beneficiary to a will dies before they can inherit, the results can range widely. The assets might travel to the beneficiary’s heirs in a chain of inheritance, they might proceed to the ...

  7. What Happens If You Are Legally Owed Money By Someone Who Dies?

    www.aol.com/happens-legally-owed-money-someone...

    What Happens To a Person’s Debt After They Die? When someone dies, all of their financial and non-financial assets are referred to as their “estate.” An estate can include bank accounts ...

  8. Rule against perpetuities - Wikipedia

    en.wikipedia.org/wiki/Rule_against_perpetuities

    The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.

  9. What to do if a loved one dies suddenly: A practical guide - AOL

    www.aol.com/news/loved-one-dies-suddenly...

    For the record: 12:33 p.m. May 19, 2023: An earlier version of this article misstated the maximum value of small estates for probate purposes as $166,250.For deaths on or after April 1, 2022, the ...