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Wednesday, February 21, 2024

Future Interests: A Quick Review

From x to y so long as y farms the property.
x: fee simple determinable
y: possibility of reverter
From x to y but if y doesn't farm the property then x will reclaim it. x: fee simple subject to condition subsequent y: right or re-entry From x to y for life. x: reversion y: life estate From x to y for life and then to z. x: nothing y: life estate z: remainder From x to y for life and then to z for life. x: reversion y: life estate z: remainder in life estate From x to y if y farms the property and if not then to z x: nothing y: fee simple subject to an executory limitation z: shifting executory interest From x to y if y farms the property and if not then to z for z's life: x: reversion y: fee simple subject to an executory limitation z: shifting executory interest in life estate

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