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The Six Basic Possessory Estates and Their Future
Vested and Contingent Remainders
Premature Termination of a Finite Estate
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A's children A's heirs A's life estate A's widow alive Assume claim the property common law condition subsequent Count 21 yrs create a scenario defeasible estates DIAGRAM divesting condition duration estates and future EXAMPLE executory limitation express condition precedent farming the land fee simple absolute fee simple defeasible fee simple determinable fee simple subject fee tail following a fee future interest following graduates from law grantor heirs as long holds a fee interest in fee interest in question law school LIMIEAEIEN lives merger merger doctrine NAME EF REEAEE possess the property possessory estate possibility of reverter PROBLEM SET property interest reach age 21 remainder in fee reversion in fee REVERSION REMAINDER right to possess Rule Against Perpetuities satisﬁed SHIFTING EXECUTORY INTEREST springing executory interest stops farming subject to divestment subject to open take possession third party transferable vested remainder subject vested subject violate the Rule words of limitation