Estates in Land and Future Interests in a Nutshell
Importance and Process of Classification; Possessory Estates; Reversionary Future Interests: Reversions, Possibilities of Reverter and Rights of Entry; Nonreversionary Future Interests: Remainders and Executory Interests; Future Interests Differentiated in Terms of Vesting; Permissible Changes in Classification Due to Subsequent Events; Alienability of Future Interests; Destructibility of Contingent Remainders; Rule In Shelley's Case; The Doctrine of Worthier Title; Rule Against Perpetuities; Perpetuity Reform; Class Gifts Under Rule Against Perpetuities; Powers of Appointment Under Rule Against Perpetuities; Charitable Gifts and Commercial Transactions Under Rule Against Perpetuities.
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Introduction to Estates in Land
The Importance and Process
Possessory Estates OIll
13 other sections not shown
2d of Property A’s children A’s heirs allows liquor artiﬁcial B’s interest B’s remainder become possessory beneﬁciary class gift class members classiﬁcation common-law Rule condition precedent condition subsequent contingent remainder conveyed land corpus courts destructibility rule devised land disposition effect in possession Estates in Land EXAMPLE executory interest fee simple absolute fee simple determinable fee simple subject fee tail ﬁrst G conveyed G devised G transferred land G’s death G’s reversion grantor indefeasibly vested infra inter-vivos interest created intestacy invalid lives to age Nat’l Bank nonreversionary future interest particular estate perpetuity period person possessory estate possibility of reverter reaches 21 remainder interest remainder to A’s Restatement 2d Restatement of Property right of entry Rule Against Perpetuities Rule in Shelley’s rule of construction seisin Shelley’s Rule Simes & Smith Smith on Future statute subject to divestment subject to open supra tenant term termination transferor trust Uniform Rule vested subject wait-and-see