When William S. Thrasher died, he left a life estate in the family home to his wife, Gail Thrasher, and a remainder interest to his children, James Hall Thrasher and Sheila Reed. When Gail attempted to sell her life estate, the children sued, arguing that by selling the life estate, she was forfeiting the life estate because the buyer might waste the property, thereby devaluing the interests of the children. How do you think the courts resolved this issue? Should the holder of the life estate be able to transfer the life estate?
[Thrasher v. Thrasher, 169 So. 3d 1043; 2014 Ala. Civ. App. LEXIS (2014).]