[Cottage in the Woods] When Gil's father died, Gil received a life estate for the family's cottage in the woods. According to his father's will, upon Gil's death, the cottage is to become the property of Gil's much younger step-brother Max. Gil lived at the cottage for many years after his father's death. One day, Max went to visit Gil to check on the property that he would someday own, and noticed that the cottage was in disrepair. The roof leaked, it was infested with mice and termites, and there was water damage in the basement. Max tells Gil to fix the property, but Gil refuses saying that he can let the property deteriorate as much as he wants.
-What type of interest, if any, does Max have in the property?

Question

Quizplus · Accepted Answer

Max has a future interest in the property, which is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. This interest will become possessory upon the termination of the life estate held by Gil.

[Cottage in the Woods] When Gil's Father Died, Gil Received