503: Listen and Learn -- Present and Future Estates (Part 2)

Welcome back to the Law School Toolbox podcast! Today, we're diving into the second part of our discussion on present estates and future interests. Previously, we reviewed the default property interest, the fee simple absolute, and defeasible fees. In this episode we're covering life estates, reversions, and remainders. In this episode we discuss: A review of the fee simple absolute Life estates Reversions and remainders Taxes and mortgage payments for a life estate Examples illustrating the above concepts Resources: "Listen and Learn" series (https://lawschooltoolbox.com/law-school-toolbox-podcast-substantive-law-topics/#listen-learn) California Bar Examination – Essay Questions and Selected Answers, July 2008 (https://nwculaw.edu/pdf/bar/July%202008%20Essays%20and%20Sample%20Answers.pdf) California Bar Examination – Essay Questions and Selected Answers, February 2003 (https://nwculaw.edu/pdf/bar/February%202003%20Essays%20and%20Sample%20Answers.pdf) Podcast Episode 501: Listen and Learn – Present and Future Estates (Part 1) (https://lawschooltoolbox.com/podcast-episode-501-listen-and-learn-present-and-future-estates-part-1/) Download the Transcript  (https://lawschooltoolbox.com/episode-503-listen-and-learn-present-and-future-estates-part-2/) If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode! Thanks for listening! Alison & Lee