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Life Estate

Posted: Wed Dec 12, 2012 12:51 pm
by echooo23
Can a life estate be measured by the "life" of a business/church/college/other non-human? For example, to Clown College for its life?

Re: Life Estate

Posted: Wed Dec 12, 2012 1:04 pm
by dingbat
echooo23 wrote:Can a life estate be measured by the "life" of a business/church/college/other non-human? For example, to Clown College for its life?
Just put it in a trust

Re: Life Estate

Posted: Wed Dec 12, 2012 1:20 pm
by cinephile
echooo23 wrote:Can a life estate be measured by the "life" of a business/church/college/other non-human? For example, to Clown College for its life?
No.

Re: Life Estate

Posted: Wed Dec 12, 2012 2:27 pm
by echooo23
Thank you!

Re: Life Estate

Posted: Wed Dec 12, 2012 5:06 pm
by LetsGoLAW
Nope, just people. Furthermore, you cannot measure it by a large population. It cannot be for the life of the entire Chinese population.

Re: Life Estate

Posted: Thu Dec 13, 2012 11:54 am
by echooo23
Thank you! One follow up question: since "to Clown College for its life" has no other constructional language that could be used to argue for another estate, does that mean the conveyance is just void?

Re: Life Estate

Posted: Thu Dec 13, 2012 1:25 pm
by History_Buff
echooo23 wrote:Thank you! One follow up question: since "to Clown College for its life" has no other constructional language that could be used to argue for another estate, does that mean the conveyance is just void?
Yep. A better way to convey it would be in Fee Simple Defeasible. To Clown College so long as the land is used for clown training.

Re: Life Estate

Posted: Fri Dec 14, 2012 12:40 am
by pifhib2
History_Buff wrote: Yep. A better way to convey it would be in Fee Simple Defeasible. To Clown College so long as the land is used for clown training.
Yup. In those cases though, make sure to analyze what 'clown training' is. Is it the storage of seltzer water and wigs? Or must clowns actually practice fitting into miniature cars at the site?