Life estate

When the library builds that commercial parking lot, the historical society automatically and instantly takes title.

Okay, so we also need to talk about life estates before we leave the present tense because this is ownership, but it is measured by a human heartbeat.

Yes.

The classic example is to A for life.

It really does.

Let's look at the patient waiters first, the remainders.

Okay, so they always follow estates that have a known natural expiration, like life estates or terms of years.

Right.