HomeworkLib
Question

Rob gives Blackacre to Joe for life. Which type of Freehold Estate does Joe have (if...

Rob gives Blackacre to Joe for life. Which type of Freehold Estate does Joe have (if any)?
a. Life Estate
b. Fee Simple Absolute
c. Fee Simple defeasible
d. none
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

If Rob gives Blackacre to Joe for life, it means the blackacre will be possessed by Joe till his life. So the type of Freehold Estate Joe have is-

a. Life Estate

Life Estate is a type of free hold which doesn't amount to ownership since it is limited by a term of life, it may be related to life of the individual on whom the right is vested or some other person, after the death of person the right will be back with the previous owner. In this case Joe is given Estate for life so it will last till his life lasts.

0 0
Add a comment
Know the answer?
Add Answer to:
Rob gives Blackacre to Joe for life. Which type of Freehold Estate does Joe have (if...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • i need the answer and at least a one sentence explanation on why thats the answer...

    i need the answer and at least a one sentence explanation on why thats the answer Unit 3 Ownership of Real Property77 REVIEW QUESTIONS When Aunt Winifred died, she left a life estate in Whiteacre to her nephew George. When George dies, Whiteacre will go to George's daughter Elizabeth. Elizabeth is a a reversioner. 8. A fee simple estate and a life estate are a. freehold estates. b fee simple estates. c. leasehold estates d. estates of tenancy. 1. The...

  • 3 10 pts Which type of estate includes the rights of possession and use, but is...

    3 10 pts Which type of estate includes the rights of possession and use, but is limited in time? Fee simple absolute Fee simple conditional O Life estate D | Question 4 10 pts What is a tenancy relationship that exists after the end of a lease but the tenant continues to pay rent, and the landlord accepts it? O Tenancy for years O Periodic tenancy O Tenancy at will O Tenancy at sufferance

  • Raj owned the fee simple in a piece of lan known as Blackacre, which contained a...

    Raj owned the fee simple in a piece of lan known as Blackacre, which contained a small shopping mall that was included in the title of the property. Although he had no children of his own, he was especially fond of his nephew, Ludwig, and his niece, Elise. Raj wanted to ensure that they enjoyed the benefits of Blackacre, especially after he died. He therefore created the following arrangement: Beginning immediately, and for the rest of Raj's life, Ludwig was...

  • ) Raj owned the fee simple in a piece of land known as Blackacre, which contained...

    ) Raj owned the fee simple in a piece of land known as Blackacre, which contained a small shopping mall that was included in the title of the property. Although he had no children of his own, he was especially fond of his nephew, Ludwig, and his niece, Elise. Raj wanted to ensure that they enjoyed the benefits of Blackacre, especially after he died. He therefore created the following arrangement: Beginning immediately, and for the rest of Raj's life, Ludwig...

  • 2) Raj owned the fee simple in a piece of lan known as Blackacre, which contained...

    2) Raj owned the fee simple in a piece of lan known as Blackacre, which contained a small shopping mall that was included in the title of the property. Although he had no children of his own, he was especially fond of his nephew, Ludwig, and his niece, Elise. Raj wanted to ensure that they enjoyed the benefits of Blackacre, especially after he died. He therefore created the following arrangement: Beginning immediately, and for the rest of Raj's life, Ludwig...

  • John gives Joe stock valued at $5,000, which John purchased for $1,000. Any gift tax would...

    John gives Joe stock valued at $5,000, which John purchased for $1,000. Any gift tax would be payable: A. By Joe, on $5,000 B. By John, on $3,000 C. By John, on $5,000 D. By Joe, on $1,000

  • 17. Which type of term life insurance is most commonly used by people with mortgages increasing...

    17. Which type of term life insurance is most commonly used by people with mortgages increasing term b. level term C. decreasing term d. straight term whole term 18. Which Which one of the following most accurately describes the taxability of life insurance? a. death benefits are income-tax-free to the beneficiary b. annual increases in cash value are tax deductible c. death benefits are always estate-tax-free d. premiums are tax deductible e. none of the above are true 19. Frankie...

  • 1.  Joe gives his car keys to the valet at Morton's. This is a(n): a. entitlement b....

    1.  Joe gives his car keys to the valet at Morton's. This is a(n): a. entitlement b. bailment c. gift causa mortis d. gift inter vivos 2. Homer died at age 85 and left all his property to Joe, his butler. The news of the new will that Homer executed three months before his death naming Joe as the sole beneficiary surprised everyone. By his prior will, Homer had bequeathed his estate to his three children, Bart, Lisa and Maggie. The...

  • 1. The gross estate includes property that avoids probate, such as life insurance proceeds payable to...

    1. The gross estate includes property that avoids probate, such as life insurance proceeds payable to a named beneficiary. a. True. b. False. 2. Which of the following incidents of ownership, held during the three year period before death, will cause inclusion of life insurance proceeds in the gross estate? a. The right to change the beneficiary. b. The right to borrow against the policy. c. The right to convert group coverage to an individual contract. d. Any of the...

  • 8. Which of the following statements about the estate and gift tax is (are) correct? I....

    8. Which of the following statements about the estate and gift tax is (are) correct? I. There is no estate or gift tax due at the death of the first spouse. II. There is no estate or gift tax due if a single mother gives her son a $35,000 car. I only b. II only Both I and II d. Neither I nor II a 9. Which tax form should Jack and Jill a married couple file if they need...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT