10. A fee simple absolute estate has a potential infinite duration and unrestricted inheritability.
11. A fee simple on condition subsequent estate automatically expires on the happening or non–
happening of the event stated in the deed of conveyance or the will creating the estate.
12. A life estate must always be for the life of the owner.
13. A life estate may be for life of a person other than the owner.
14. If the owner of a life estate commits waste, the life estate will terminate, even though the owner
is alive.
15. A life estate owner must share the income generated from the life estate with the owner of the
remainder interest.
16. Life estates are transferable during the lifetime of the owner.
17. Life estates are not transferable during the lifetime of the owner.
18. An estate limited in its duration to a fixed period of time is known as a life estate.
19. At common law, an estate at will could be automatically terminated.
20. A promise to make a gift is generally not revocable.