Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Billy-Bob owns a condo in Seattle, and a farm in Yakima.His older brother, Bobby-Lee, has some severe health problems and is unable to work anymore,

Billy-Bob owns a condo in Seattle, and a farm in Yakima.His older brother, Bobby-Lee, has some severe health problems and is unable to work anymore, and just has Social Security Disability income of about $800/month.Billy-Bob records a deed giving a "life estate" to Bobby-Lee as long as he lives, with the "remainder" to go to Billy-Bob's sister, Judy.

A.Bobby-Lee now owns the "fee simple" title to the property, as long as he lives.

B.Once Bobby-Lee dies, Judy will own the "fee simple" title to the property.

C.No one will own the "fee simple" title to the property.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Equity And Trusts Text Cases And Materials

Authors: Paul S. Davies, Graham Virgo

3rd Edition

0198821832, 978-0198821830

More Books

Students also viewed these Law questions