Alice owns a property in fee simple and grants a life estate to her friend Bob, with the property set to pass to her daughter, Carol, after Bob's life estate ends. Upon Alice's death, what type of future interest does Carol hold?
Carol holds a vested remainder because her interest is certain to become possessory after Bob's life estate ends without any conditions precedent.
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What is the difference between a vested remainder and a contingent remainder?
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What distinguishes a vested remainder from an executory interest?
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Multistate Bar Examination
Real Property
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