John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him. What would John's attorney probably have advised him to do to achieve these goals? Establish a Trust with his mother as one of the trustees Convey a tenancy at sufferance to Brenda. Convey a tenancy by the entireties to Brenda, pur autre vie. О Convey a life estate to Brenda with the right of reversion to John.
John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him. What would John's attorney probably have advised him to do to achieve these goals? Establish a Trust with his mother as one of the trustees Convey a tenancy at sufferance to Brenda. Convey a tenancy by the entireties to Brenda, pur autre vie. О Convey a life estate to Brenda with the right of reversion to John.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
![John owns a small rental cottage in St Augustine
and his mother Brenda lives nearby in a rented
apartment. He is concerned about her having a
secure home to live in after her retirement so he
decides to convey the cottage to her for the rest
of her life, after which, ownership will revert to
him. What would John's attorney probably have
advised him to do to achieve these goals?
Establish a Trust with his mother as one of
the trustees
Convey a tenancy at sufferance to Brenda.
Convey a tenancy by the entireties to
Brenda, pur autre vie.
О Convey a life estate to Brenda with the right
of reversion to John.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6604c7fa-6a2e-4dde-b4ac-274855cd287d%2Fa19ec346-9ac3-4821-9ea3-927f4279d487%2Fp19dafh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:John owns a small rental cottage in St Augustine
and his mother Brenda lives nearby in a rented
apartment. He is concerned about her having a
secure home to live in after her retirement so he
decides to convey the cottage to her for the rest
of her life, after which, ownership will revert to
him. What would John's attorney probably have
advised him to do to achieve these goals?
Establish a Trust with his mother as one of
the trustees
Convey a tenancy at sufferance to Brenda.
Convey a tenancy by the entireties to
Brenda, pur autre vie.
О Convey a life estate to Brenda with the right
of reversion to John.
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