Okay, the secret is out. I am currently studying for my bar exam. In the process, I must study real property law and other areas of law that pertain to real estate and may be helpful to a real estate or land investor. I figured since I was studying anyways, I might as well put each topic one video at a time. I also started a YouTube channel which can be seen here.
In this video I explain contingent remainders and vested remainders. If you recall from our last post, a remainder is created in a transferee that is capable of taking in present possession and enjoyment upon the natural termination of preceding estates created in the same disposition.
As logically follows, a vested remainder is one that is certain to take place. Such is the case when an interest follows a life estate. A contingent remainder is a remainder that is conditioned on a specified event happening. Let me explain....
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