| life estate pur autre vie is most commonly created in one of two circumstances. First, when 2nd bankruptcy mortgage owner of property conveys his interest in that property to another person, for the life of a third person. For example if Joey conveys Blackacre to Rachel during the life of Monica, then Rachel owns the land for as long as Monica lives; if Rachel dies before 2nd bankruptcy mortgage Rachel's heirs will inherit the land, and will continue to own it for as long as Monica lives. Second, if Joey conveys Blackacre to Monica for life, Monica can then sell the life estate | ![]() |
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