Wisconsin Statutes 700.10 – Remainder to heirs of owner of life interest; abolition of rule in Shelley’s case
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 700.10
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
- 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.
If an instrument purports to transfer an interest for life to one person and a remainder to that person’s heirs or the heirs of that person’s body, a remainder is created in that person’s heirs or heirs of that person’s body.