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I am the owner of some land and property. I the GRANTOR have given my mother the GRANTEE "life estate" to this land and property with a remainder to me. It is worded as follows: (excerpt from deed)

"the GRANTOR hereby bargains, sells, grants and convey unto the GRANTEE, a Life Estate with a remainder to the Grantor"...

*** So here's my question; I thought this is called a "estate in reversion" not an "estate in remainder". Can they co-exist?

I guess it might just be the wording of the deed and the legalees of my state, but everything I reed about life estates and future interest suggest that a remainder is a future interest holder other than the person who orinionally gave someone life estate. I mean in context, I suppose even with the way my deed was worded that it is still understood as an Estate in Reversion simply because I owned it first and gave my mother life estate and it reverts back to me or as the deed suggest I just receive the remainder. Just a little confusing.

2006-11-08 01:38:43 · 2 answers · asked by Pandora 2 in Business & Finance Renting & Real Estate

2 answers

You have answeredf your qtn:

1/ During your mother's lifetime - it is an estate in reversion.

2/ Upon her demise - converts to an estate in remainder.

2006-11-08 03:57:50 · answer #1 · answered by boston857 5 · 0 0

You should be able to find a copy of real estate law online. For Colorado, our manual is found on the state website under the department of real estate.... http://www.dora.state.co.us/real-estate/manual/chap6.pdf page 3 of 9... however life estates, such as what you are describing, are not legal here, so it doesn't really help you. However, just knowing where to look, might make it easier to find the official answer.

2006-11-08 23:31:31 · answer #2 · answered by Dawn J 4 · 0 0

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