纽约律考+Alien+Notes财产法笔记Property

纽约律考 Alien Notes财产法笔记PropertyREAL PROPERTY Red denotes "Hot Topics" (must know cold) Statistics: 33

纽约律考AlienNotes财产法笔记Property REALPROPERTY Reddenotes"HotTopics"(mustknowcold) Statistics:33MCquestionsonMBE I.EstatesinLand—FAVORITE A.BasicTerminology 1.Devisable—passesbywill-WILL 2.Descendible—passesthroughintestacy-INTESTACY 3.Alienable—transferable-intervivos-INTERVIVOS(Intervivos trustisarevocabletrustcreatedwhilethedonorisstillalive,to holdpropertyforthebenefitofanother.alsocalledlivingtrust) 4.Remainder—Afutureinterestcreatedinagranteethatiscapable ofbecomingpossessory uponexpirationofapriorpossessoryestatecreatedinthesame conveyance B.BasicPrinciples 1.Alivingpersonhasnoheirs(onlyheirsapparent) 2.Courtsgenerallydisfavorrestrictionsonfreeuseoflandand restrictionsonfree alienation—construedstrictly C.PresentEstates 1.FeeSimpleAbsolute(absoluteownership) a)"ToA"or"ToAandhisheirs"(nolongernecessary)