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45 Cards in this Set

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  • Back
In column 2 on the chart, how do we decide whether to work above the line or below the line?
look to see whether the future interest is held by the grantee, if it is then work below the line, if it's not then work above the line.
In column 3 on the chart, how do we decide whether to work above the line or below the line?
by deciding in column 2 whether to work above or below the line, then follow the arrow strait across into column 3. Remember, always work above the line if interest in the grantor, if in the grantee then work below the line.
5-18
O to A for life, then to B.
B has a remainder
yes
5-19
O to A for life, then to A's first child. (A has one child,B.)
A's first child
yes
5-20
O to A for life, then to A's heirs. (A is alive and has one child, B.)
then to A's heirs
no
5-21
O toA for life, then to B and her heirs. (B has no children.)
then to B and her heirs
yes
5-22
O to A for life, then to A's widow.
then to A's widow
no
5-23
O to A for life, then to As first child. (A has no children.)
then to A's first child
no
5-24
O to A for life, then to this year's first-year law students at State University Law School who pass the bar.
then to this year's first year law students at State University Law School who pass the bar
no
O to A for life, then to B if B has refrained from drinking alcoholic beverages for the five years prior to A's death.
then to B if B has refrained from drinking alcoholic beverages for the five years prior to A's death
yes
O to A for life, then to B if B has reached 21. (At the time of the conveyance, B is 22.)
then to B if B has reached 21
no
O to A for life, then to B: however, if B ever drills for oil on the land, then to C.
then to B
no
O to A for life, then to B, on condition that B has passed the bar.
then to B
no
O to A for life, then to B, on condition that B has passed the bar. (b has been practicing law for 10 years.)
then to B, vested
O to A for life, then to B, but if B uses the land for an insurance agency, then back to O.
then to B, vested
In column 2 on the chart, how do we decide whether to work above the line or below the line?
look to see whether the future interest is held by the grantee, if it is then work below the line, if it's not then work above the line.
In column 3 on the chart, how do we decide whether to work above the line or below the line?
by deciding in column 2 whether to work above or below the line, then follow the arrow strait across into column 3. Remember, always work above the line if interest in the grantor, if in the grantee then work below the line.
5-18
O to A for life, then to B.
B has a remainder
yes
5-19
O to A for life, then to A's first child. (A has one child,B.)
A's first child
yes
5-20
O to A for life, then to A's heirs. (A is alive and has one child, B.)
then to A's heirs
no
5-21
O toA for life, then to B and her heirs. (B has no children.)
then to B and her heirs
yes
5-22
O to A for life, then to A's widow.
then to A's widow
no
5-23
O to A for life, then to As first child. (A has no children.)
then to A's first child
no
5-24
O to A for life, then to this year's first-year law students at State University Law School who pass the bar.
then to this year's first year law students at State University Law School who pass the bar
no
O to A for life, then to B if B has refrained from drinking alcoholic beverages for the five years prior to A's death.
then to B if B has refrained from drinking alcoholic beverages for the five years prior to A's death
yes
O to A for life, then to B if B has reached 21. (At the time of the conveyance, B is 22.)
then to B if B has reached 21
no
O to A for life, then to B: however, if B ever drills for oil on the land, then to C.
then to B
no
O to A for life, then to B, on condition that B has passed the bar.
then to B
no
O to A for life, then to B, on condition that B has passed the bar. (b has been practicing law for 10 years.)
then to B, vested
O to A for life, then to B, but if B uses the land for an insurance agency, then back to O.
then to B, vested
5-31
O to A for life, then to B if B does not then own an insurance agency, then back to O.
then to B if B does not then own an insurance agency, then back to O.
contingent
5-32
O to A for life, then to B if B is then married.
then to B if B is then married
contingent.
5-33
O to A for life, then to B; however, if B divorces after A dies, then to O.
then to B
vested
5-34
O to A for life, then to A's surviving cousins. (A has two cousins)
then to A's surviving cousins.
contingent
5-35
O to A for life, then to A's children. (A has one child)
then to A's children,
vested subject to open
5-36
O to A for life, then to the 2001 graduates of O's law school class (the conveyance was made in 2002.)
then to the 2001 graduates of O's law school class
vested
5.37
O to A for life, then to A's widow
then to A's widow
contingent
5.38
O to A for life, then to B's heirs. (B is alive.)
then to B's heirs
contingent
5.39
O to A for life, then to A's heirs.
no interest in heirs
O to A and her heirs.
fee simple absolute
5.41
O to A for life, then to B.
A- life estate
B- remainder in fee simple absolute
5.42
O to A for life, then to O.
A- present possessory life estate
O- reversion in fee simple absolute
5.43
O to A and her heirs until B reaches 25. (B is 12)
A- fee simple determinable
O- possibility of reverter
5.44
O to A and ehr heris, but if A divorces, then to O.
A-fee simple subject to a condition subsequent
0- right of re-entry or power of termination
5.45
O to A and her heris so long as A never uses illgal drugs.
A- fee simple determinable
O- possibility of reverter