Frank has two interests in property. On property X, Frank has a ...

[DelorasTo]

Frank has two interests in property. On property X, Frank has a life estate measured by the life of his Uncle Sal. On property Y, Frank has a fee simple estate. Frank wishes to transfer, upon his death, his interest in the two properties to his wife, Samantha. Prior to Frank's executing his will, Uncle Sal dies. Frank still wishes to will the properties to his wife, but he now is uncertain whether he has the right to do so. Can Frank will the two property interests to Samantha?

Question 2

In general, a mortgagor is under a duty to: ______.
 A) make improvements to the mortgaged property.
 B) insure the property.
 C) pay taxes and assessments on the property.
 D) reimburse the mortgagee for expenditures made by the mortgagee for valuable and lasting improvements.

[huda]

Answer to Question 1

Frank had a life estate interest in property X. Frank could use and enjoy the property as long as the measuring-life individual still lived. Once the person whose life is the measuring life dies, Frank's interest in the property ceases. Frank has no interest remaining in property X to transfer to Samantha.
An estate in fee simple lasts forever and is alienable by will. Frank may freely will his interest in property Y to Samantha.

Answer to Question 2

C

[DelorasTo]

TYSM

[abro1885]

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