In the grant “to A for life, then to B when B turns 18”, B is currently 16 years old. Which statement most accurately characterises B’s interest at this time?

Question

In the grant “to A for life, then to B when B turns 18”, B is currently 16 years old.  Which statement most accurately characterises B’s interest at this time?

Answer

A mere contractual expectancy with no proprietary status.

Answer

A reversionary interest retained by the grantor.

Answer

A vested remainder with postponed enjoyment.

Answer

A contingent remainder dependent on satisfaction of a condition.

Crowdly

In the grant “to A for life, then to B when B turns 18”, B is currently 16 years...

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