Kansas Statutes 58-503. Same (grant or devise to person for life and then to some other)
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-503
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Property: includes personal and real property. See Kansas Statutes 77-201
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
When real or personal property is granted or devised to one person for life, and then to some other person, or persons, whether named individually or as one or more of a class of which the individuals can be ascertained by the time the fee is possessed, the instrument by which such property is so transferred shall be construed as creating in the person first named an estate during the person’s lifetime only, and a remainder in fee simple in the person or persons last named.