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

Welcome back to the Bar Exam Toolbox podcast! Today, we're diving into the second part of our discussion on present estates and future interests. In the previous episode 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://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#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 39: Tackling a California Bar Exam Essay: Real Property (https://barexamtoolbox.com/podcast-episode-39-tackling-a-california-bar-exam-essay-real-property/) Podcast Episode 65: Tackling an MEE Real Property Essay Question (https://barexamtoolbox.com/podcast-episode-65-tackling-an-mee-real-property-essay-question/) Podcast Episode 250: Listen and Learn – Present and Future Estates (Part 1) (https://barexamtoolbox.com/podcast-episode-250-listen-and-learn-present-and-future-estates-part-1/) Download the Transcript (https://barexamtoolbox.com/episode-251-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/bar-exam-toolbox-podcast-pass-bar-exam-less-stress/id1370651486) 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 Bar Exam Toolbox website (https://barexamtoolbox.com/contact-us/). Finally, if you don't want to miss anything, you can sign up for podcast updates (https://barexamtoolbox.com/get-bar-exam-toolbox-podcast-updates/)! Thanks for listening! Alison & Lee