Mr. and Mrs. Retired Homeowners, decide they want to downsize from their nice three bedroom 2 car garage home in Virginia Beach to the sunny confines in Florida. While looking for a house in Miami's South Beach, the Homeowners run into their long lost son Beachie Bumrat.  Beachie introduces the Homeowners to Beachie's longtime girlfriend Lisa.   After spending a couple of days together, the Homeowners agree that if Beachie moves to Virginia and gets a good job and improves his behavior, they will buy the home in Florida outright and deed the Virginia Beach Property home to Beachie.  Beachie agrees and he and his girlfriend will relocate to Virginia.  Please describe Beachie's interest in the Virginia Beach Property.  Additionally,

Identify and describe which Present Estate: works best for the Homeowners Florida's property and the Beachie's Virginia Beach Property.

Answer rating: 100% (QA)

Beachies interest in the Virginia Beach Property is a Contingent Remainder A contingent remainder is ... View the full answer