1
00:00:00,000 --> 00:00:00,906
One home.

2
00:00:01,022 --> 00:00:02,601
Two successive interests.

3
00:00:02,844 --> 00:00:05,538
In this example, Morgan holds a life estate

4
00:00:05,596 --> 00:00:07,279
measured by Morgan's own life.

5
00:00:07,605 --> 00:00:09,056
Riley holds the remainder.

6
00:00:09,300 --> 00:00:11,529
Morgan has the present right to possession.

7
00:00:11,807 --> 00:00:13,920
Riley's right to possession comes later.

8
00:00:14,164 --> 00:00:15,314
Watch the timeline.

9
00:00:15,697 --> 00:00:18,681
When Morgan's measuring life ends, the life estate

10
00:00:18,750 --> 00:00:21,920
ends, and Riley's remainder becomes possessory.

11
00:00:22,303 --> 00:00:23,313
Now rewind.

12
00:00:23,754 --> 00:00:26,703
Suppose Morgan transfers the life estate to Casey.

13
00:00:27,028 --> 00:00:29,803
Casey receives only the interest Morgan had.

14
00:00:30,186 --> 00:00:32,264
The measuring life is still Morgan's.

15
00:00:32,589 --> 00:00:34,876
The transfer does not turn it into permanent

16
00:00:34,934 --> 00:00:35,608
ownership.

17
00:00:35,933 --> 00:00:38,034
A life estate can also be measured by

18
00:00:38,104 --> 00:00:40,194
another specified person's life.

19
00:00:40,519 --> 00:00:41,227
Quick check:

20
00:00:41,471 --> 00:00:44,234
can transferring a life estate extend it beyond

21
00:00:44,315 --> 00:00:45,407
the measuring life?

22
00:00:47,790 --> 00:00:48,324
No.

23
00:00:48,707 --> 00:00:51,319
The measuring life still sets its duration.