life tenants and persons entitled in remainder who are not the trustees of land have equitable interests.

Question

Quizplus · Accepted Answer

Life tenants and persons entitled in remainder have equitable interests because their rights are recognized and protected in equity, rather than being legal interests directly in the property itself. These interests are typically created through trusts, where the legal title is held by trustees.

Life Tenants and Persons Entitled in Remainder Who Are Not