Thursday, October 25, 2012

life estate

You can have a life estate based on a person that doesn't know about it and that is not involved in the deal.  My professor then explained that she wouldn't pick a certain celebrity who has been arrested repeatedly for drugs and alcohol related events.  She claimed not to want bad luck on the person, but that she is doing a pretty good job of bad luck on her own.  Then my professor said if you don't wan the person to have a long life estate you might actually want to do a life estate based on this actress.
Only in law school would this bring a round of laughter.

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