Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark.Mark has a contingent remainder.

Question

Quizplus · Accepted Answer

A contingent remainder is a future interest in property that is dependent on the occurrence of an uncertain event. In this case, Mark's interest is contingent on Ellen having no children.

Mother Conveyed Her Lakefront Property to Her Daughter, Ellen, for Life