Mary transferred a life estate in her home to John based on the life of Ned Green. Mary's interest in the property is known as a

Question

3 years ago

11

(n)

1 answer:

Westkost [7] · Answer 1 · 2022-06-12T20:06:06+03:00

Answer:

The correct answer will be "Reversion interest".

Explanation:

Reversionary interest seems to be an individual's involvement in something like an asset that whenever a prior estate continues to function. It indicates any desire that is deferred to something like the pleasure of.
It generally means after enough duration either on a particular arrangement, the charity's grantor seems to have an intention of having again an exchanged asset.