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to another banks loan poor credit 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 Monica, 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 banks loan poor credit life, Monica can then sell the life estate to Rachel. Again, Rachel and Rachel's heirs will banks loan poor credit the land for as long as Monica lives In either scenario, once Monica dies, the ownership of the land will revert to Joey. If Joey has died, ownership will revert to Joey's heirs. The right to succeed to ownership of the property upon the expiration of the life estate is called a remainder. banks loan poor credit early common law did not recognize a life estate in personal property, but such interests were cognizable in equity. mortgage banks loan poor credit
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