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Author Question: The following testamentary grant is made: To my wife for life, remainder to my children when all ... (Read 58 times)

storky111

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on: Jun 24, 2018
The following testamentary grant is made: To my wife for life, remainder to my children when all have graduated from college. Discuss what interests have been created and any applicable rules.

Question 2

A negotiable instrument may be partly printed and partly typewritten.
  Indicate whether the statement is true or false


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rekilledagain

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. Wife - life estate
b. Children - executory interest

c. RAP applies

d. Children are lives in being at time of grant and there can be no more children, so their interest will vest within the RAP period

Answer to Question 2

TRUE


storky111

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

momolu

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Reply 3 on: Yesterday
Excellent

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