Welcome back to the Law School Toolbox podcast! Today, we're diving into the second part of our discussion on present estates and future interests. Previously, we reviewed the default property interest, the fee simple absolute, and defeasible fees. In this episode we're covering life estates, reversions, and remainders.

In this episode we discuss:

• A review of the fee simple absolute
• Life estates
• Reversions and remainders
• Taxes and mortgage payments for a life estate
• Examples illustrating the above concepts

Resources:

• "Listen and Learn" series (https://lawschooltoolbox.com/law-school-toolbox-podcast-substantive-law-topics/#listen-learn)
• California Bar Examination – Essay Questions and Selected Answers, July 2008 (https://nwculaw.edu/pdf/bar/July%202008%20Essays%20and%20Sample%20Answers.pdf)
• California Bar Examination – Essay Questions and Selected Answers, February 2003 (https://nwculaw.edu/pdf/bar/February%202003%20Essays%20and%20Sample%20Answers.pdf)
• Podcast Episode 501: Listen and Learn – Present and Future Estates (Part 1) (https://lawschooltoolbox.com/podcast-episode-501-listen-and-learn-present-and-future-estates-part-1/)

Download the Transcript  (https://lawschooltoolbox.com/episode-503-listen-and-learn-present-and-future-estates-part-2/)

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Thanks for listening!

Alison & Lee