Will all freehold estates come with inheritability?

Prepare for the Metro Brokers Exam with flashcards and multiple choice questions. Each question is accompanied by hints and explanations. Get ready for your certification!

Freehold estates generally refer to estates in real property that are held for an indefinite duration. However, not all freehold estates have the right of inheritability. For instance, a life estate is a type of freehold estate that is granted for the duration of a person's life. Upon the death of the life tenant, the estate does not pass to the heirs of the life tenant but instead reverts back to the grantor or passes to a third party designated by the grantor, thereby lacking inheritability. In contrast, fee simple estates do possess inheritability, as they can be passed on to heirs.

When considering the concept of inheritability in freehold estates, it's important to recognize that the presence of this characteristic can depend on the specific type of estate and its defined limitations. Thus, while many freehold estates can be inheritable, not all fit that criterion, affirming the accuracy of the response regarding the absence of inheritability in certain types of freehold estates.

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