Future Interests (a quick review)

 A quick review:

From x to y and y's heirs:
y: fee simple absolute
x: nothing

From x to y for life: y: life estate x: reversion From x to y for life and then to z. y: life estate z: remainder x: nothing From x to y so long as y doesn't drink on the property. y: fee simple determinable x: possibility of reverter From x to y, but if y drinks on the property then x has the right to reclaim it y: fee simple subject to a condition subsequent x: right of re-entry From x to y but if y drinks on the property then to z y: fee simple subject to an executory limitation z: a shifting executory interest x: nothing And one last tough one: From x to y if y doesn't drink on the property and then to z so long as z doesn't drink on the property. y: fee simple subject to an executory limitation z: a shifting executory interest determinable x: a possibility of reverter That's really all you need to know on this stuff. They can always combine these to make them more difficult, but this is the foundation of it all. #MBE