You explained it well. Would you kindly confirm my understanding of this scenario? If Dick and Jane have two children and in 1958 acquire property and create a deed that reads Dick and Jane, tenants in the entirety, the heirs to the survivor. In the following year, another child is born. My understanding is that jane and Dick possess life estates in the property and upon their death, The property goes to the children who were alive at the time the contract was created. But beyond their lives it goes no further including the this child born after the contract was made. Are contracts grandfathered to rules in existence when they were created? Thank you.
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You explained it well. Would you kindly confirm my understanding of this scenario? If Dick and Jane have two children and in 1958 acquire property and create a deed that reads Dick and Jane, tenants in the entirety, the heirs to the survivor. In the following year, another child is born. My understanding is that jane and Dick possess life estates in the property and upon their death, The property goes to the children who were alive at the time the contract was created. But beyond their lives it goes no further including the this child born after the contract was made. Are contracts grandfathered to rules in existence when they were created? Thank you.
better explanation than most others
Not to be weird but pregnancy is 40 weeks, 10 months. Idk why people don't know that it's 10 months. Full term is 40 weeks.