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Revised Schedule TUE 11/1 8:00-9:20 WED 11/2 8:00-10:00 THU 11/3 8:00-9:20 SAT 11/5 9:00-10:20 MON 11/7 8:00-10:00 (Review) TUE 11/8 8:00-9:10 (Exam)

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Presentation on theme: "Revised Schedule TUE 11/1 8:00-9:20 WED 11/2 8:00-10:00 THU 11/3 8:00-9:20 SAT 11/5 9:00-10:20 MON 11/7 8:00-10:00 (Review) TUE 11/8 8:00-9:10 (Exam)"— Presentation transcript:

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2 Revised Schedule TUE 11/1 8:00-9:20 WED 11/2 8:00-10:00 THU 11/3 8:00-9:20 SAT 11/5 9:00-10:20 MON 11/7 8:00-10:00 (Review) TUE 11/8 8:00-9:10 (Exam)

3 Correction for Tomorrow’s Reading Section on “Vested Remainders Subject to Open” is (W138-42)

4 WHITE v. BROWN

5 DQ1: The White majority states that “the free alienation of property [is] one of the most significant incidents of fee ownership.” Why is it significant?

6 DQ2:The White majority complains that “the words chosen by the testatrix are not specific enough to clearly state her intent."

7 What do you think Jessie Lide’s intent is? I wish Evelyn White to have my home to live in and not to be sold. I also leave my personal property to Sandra White Perry. My house is not to be sold.

8 Why does the majority have problems discerning Jessie Lide’s intent?

9 I wish Evelyn White to have my home to live in and not to be sold. Possible Characterizations Fee Simple Life Estate Conditional Fee –So long as not sold –So long as E lives there Conditional Life Estate

10 DQ3: WHAT ARE THE MAJORITY’S ARGUMENTS THAT MS. LIDE INTENDED TO CREATE A FEE SIMPLE?

11 MAJORITY ARGUMENTS (FEE SIMPLE) Presumption that grant conveys whole estate No gift over Partial intestacy disfavored

12 DQ3: WHAT ARE THE DISSENT’S ARGUMENTS THAT MS. LIDE INTENDED TO CREATE A LIFE ESTATE?

13 DISSENT ARGUMENTS (LIFE ESTATE) Grantor limited power to dispose Grant says “to live in” No limits in gift to niece

14 I wish Evelyn White to have my home to live in and not to be sold. I also leave my personal property to Sandra White Perry. My house is not to be sold. Whose Arguments Seem Stronger?

15 HOLDING OF WHITE v. BROWN The Property Can Be Sold!!!

16 DQ4: What additional facts might add weight to the majority opinion? To the dissent?

17 PROBLEMS A-F Featuring Group Orange

18 (A): O conveys Baconacre "to Mayer and her heirs." Mayer's only child, Armour, runs up large bills. Can Armour's creditors reach any interest of Armour in Baconacre?

19 (A): O conveys Baconacre "to Mayer and her heirs." Mayer wishes to sell Baconacre and use the proceeds to take a trip around the world. Can Armour prevent Mayer from doing this?

20 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law) Ernie: ?

21 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law) Ernie: Life Estate Burt: ?

22 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law) Ernie: Life Estate Burt: Vested Remainder in Life Estate

23 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law)

24 Who owns the last piece?

25 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law) Kermit has a reversion (in frog green!) Ernie dies?

26 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law) Kermit has a reversion Ernie dies? Burt has life estate. Burt dies?

27 (B): Kermit “to Ernie for life, then to Burt forever.” (Common Law) Kermit has a reversion Ernie dies? Burt has life estate. Burt dies? Kermit or Kermit’s heirs have fee simple

28 (B): Kermit “to Ernie for life, then to Burt forever.” (Today) Ernie: Life Estate Burt: ?

29 (B): Kermit “to Ernie for life, then to Burt forever.” (Today) Ernie: Life Estate Burt: Vested Remainder in Fee Simple Kermit?

30 (B): Kermit “to Ernie for life, then to Burt forever.” (Today) Ernie: Life Estate Burt: Vested Remainder in Fee Simple Kermit: Nothing

31 (B): Kermit “to Ernie for life, then to Burt forever.” (Today) Ernie dies?

32 (B): Kermit “to Ernie for life, then to Burt forever.” (Today) Ernie dies? Burt takes a fee simple absolute. Burt dies?

33 (B): Kermit “to Ernie for life, then to Burt forever.” (Today) Ernie dies? Burt takes a fee simple absolute. Burt dies? Property passes by will or through intestacy.

34 (C): Elmer “to Sylvester for life, then to Bugs and his heirs.” Sylvester: ?

35 (C): Elmer “to Sylvester for life, then to Bugs and his heirs.” Sylvester: Life Estate Bugs?

36 (C): Elmer “to Sylvester for life, then to Bugs and his heirs.” Sylvester: Life Estate Bugs: Vested Remainder in Fee Simple

37 (C): Elmer “to Sylvester for life, then to Bugs and his heirs.” Bugs dies intestate without heirs. Impact?

38 (C): Elmer “to Sylvester for life, then to Bugs and his heirs.” Bugs dies intestate without heirs. Vested remainder passes to the state. Sylvester dies. Effect?

39 (C): Elmer “to Sylvester for life, then to Bugs and his heirs.” Bugs dies intestate without heirs. Vested remainder passes to the state. Sylvester dies. State has a fee simple absolute.

40 (D): Mickey “to Minnie for life, then to Pluto for 99 years.” Minnie: ?

41 (D): Mickey “to Minnie for life, then to Pluto for 99 years.” Minnie: Life Estate Pluto?

42 (D): Mickey “to Minnie for life, then to Pluto for 99 years.” Minnie: Life Estate Pluto: Vested Remainder in Term of Years. Anything Else?

43 (D): Mickey “to Minnie for life, then to Pluto for 99 years.” Minnie: Life Estate Pluto: Vested Remainder in Term of Years. Mickey: Reversion (to his heirs or devisees)

44 (E): Derek “to Bernie for life, then to Jorge for life, then to Roger and his heirs.” Bernie?

45 (E): Derek “to Bernie for life, then to Jorge for life, then to Roger and his heirs.” Bernie: Life Estate Jorge?

46 (E): Derek “to Bernie for life, then to Jorge for life, then to Roger and his heirs.” Bernie: Life Estate Jorge: Vested Remainder in Life Estate Roger?

47 (E): Derek “to Bernie for life, then to Jorge for life, then to Roger and his heirs.” Bernie: Life Estate Jorge: Vested Remainder in Life Estate Roger: Vested Remainder in Fee Simple

48 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Betty is 15. Veronica: ?

49 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Betty is 15. Veronica: Life Estate Betty?

50 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Betty is 15. Veronica: Life Estate Betty: Contingent Remainder in Fee Simple What happens if Betty dies at 17?

51 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Betty is 15. What happens if Betty dies at 17? No instructions. What happens when a grantor does not fully dispose of the property in all possible scenarios?

52 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Betty is 15. If a grantor does not fully dispose of the property, we assume he kept the parts not mentioned for himself. Here, Reggie has a reversion. If Betty dies before turning 21, Reggie or his designees will get the property in fee simple when Veronica dies.

53 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” What if Betty turns 21 while Veronica is alive?

54 (F): Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Betty turns 21. Betty’s contingent remainder “vests” leaving her with a vested remainder in fee simple. Reggie’s reversion “divests,” leaving him with nothing.

55 (6F) Reggie “to Veronica for life, then to Betty and her heirs if Betty attains the age of 21.” Veronica: Life Estate Betty: Contingent Remainder in Fee Simple Reggie: Reversion What happens if Veronica dies when Betty is 17?

56 DEFEASIBLE FEES v. CONTINGENT REMAINDERS

57 DEFEASIBLE FEES PRESENT INTEREST IS FEE CONTINGENT REMAINDERS PRESENT INTEREST IS FINITE

58 DEFEASIBLE FEES PRESENT INTEREST IS FEE PRESENT ESTATE CUT OFF IF CONDITION MET CONTINGENT REMAINDERS PRESENT INTEREST IS FINITE PRESENT ESTATE TERMINATES NATURALLY

59 DEFEASIBLE FEES PRESENT INTEREST IS FEE PRESENT ESTATE CUT OFF IF CONDITION MET FUTURE INTEREST IN EITHER GRANTOR OR GRANTEE CONTINGENT REMAINDERS PRESENT INTEREST IS FINITE PRESENT ESTATE TERMINATES NATURALLY REMAINDER IN GRANTEE PLUS REVERSION IN GRANTOR

60 Pepe grants Tealacre to Rory and his heirs, but if Totie loses 100 pounds, she may enter and retake the land. (Fee Simple on Executory Limitation + Executory Interest) Pepe grants Tealacre to Rory for life, then to Totie if she loses 100 pounds. (Life Estate + Contingent Remainder)

61 THE “READY BETTY” JOKE


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