Real Estate Math
An Oregon property owner deeds their 20-acre parcel to their children but retains a life estate. If 3 of the 5 children predecease the parent, how is the property distributed after the parent dies?
AThe 3 deceased children's shares revert to the parent's estate
BThe property passes to all 5 children (or their heirs) as tenants in common in equal shares✓ Correct
CThe 2 surviving children own the entire property
DThe state of Oregon inherits the shares of the deceased children
Explanation
The distribution depends on the deed language. If the parent deeded to all 5 children as tenants in common with no survivorship rights, upon the parent's death (end of life estate), the property passes to all 5 children's interests — meaning 2 living children get their shares directly, and 3 deceased children's shares pass to their heirs/estates. Each original share is 1/5 of the property.
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