This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.

In this episode you will learn:

• The critical differences between reversionary and remainder interests.

• How the legal concept of waste limits a life tenant's actions.

• The definition and application of a life estate pur autre vie.

• Why a standard life estate generally cannot be passed through a will.

• How to identify the measuring life to determine when an estate terminates.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep