Calvin transfers land to a trust. His daughter Melissa will receive the income from the land for ten years. After ten years, the land is returned to Calvin. Calvin's interest is

Name: Calvin transfers land to a trust. His daughter Melissa will receive the income from the land for ten years. After ten years, the land is returned to Calvin. Calvin's interest is
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Question

Quizplus · Accepted Answer

Calvin's interest is a reversionary interest because he will receive the land back after Melissa's ten-year income period ends.

Calvin Transfers Land to a Trust