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Simple English definitions for legal terms

Reversion

Read a random definition: premarital asset

A quick definition of Reversion:

Reversion: When someone gives away their property but keeps the right to get it back in the future, it's called a reversion. This happens after the person who received the property has finished using it for a certain amount of time or after they pass away. It's different from a remainder, which is when someone else gets the property after the first person is done using it.

A more thorough explanation:

Definition: Reversion is a type of future interest that the grantor (the person who transfers ownership of a property) keeps for themselves. It comes into effect after the end of a fee tail estate, life estate, or term of years. It is different from remainders, which are future interests that are given to someone else.

Example: Let's say that John owns a piece of land and he wants to transfer ownership to his daughter, Sarah. However, he wants to make sure that he still has some control over the land after he gives it to her. So, he decides to give her a life estate, which means that she can use and enjoy the land for the rest of her life. But when she dies, the land will go back to John. This is an example of a reversion.

Another example: Mary owns a rental property and she wants to sell it to her son, Tom. However, she wants to make sure that if Tom ever decides to sell the property, it will go back to her instead of someone else. So, she decides to give him a term of years, which means that he can own and rent out the property for a certain number of years. But when the term is up, the property will revert back to Mary. This is another example of a reversion.

These examples illustrate how a reversion works. It is a way for the grantor to keep some control over the property even after they have transferred ownership to someone else. It can be useful for estate planning or for situations where the grantor wants to make sure that the property stays in the family.

reversible error | Reverter

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19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
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