Estates Flashcards
O to A so long as the premises are used for school purposes.
SOT?
A has a Fee Simple Determinable
O has a possibility of reverter in FSA
O to A, provided that the premises are always used for school purposes.
SOT?
A has a Fee Simple Subject to Condition Subsequent
O has a right of entry in FSA
O to A so long as the property is always used as a farm.
SOT?
A has a Fee Simple Determinable
O has a possibility of reverter in FSA
O to A, provided that the property is always used as a farm.
SOT?
A has a Fee Simple Subject to Condition Subsequent
O has a right of entry in FSA
O to A for life until A gets married.
SOT?
A has a life estate determinable
O has a reversion in FSA
O to A, but if A ever farms the land, then immediately to B and his heirs.
SOT?
A has a Fee Simple Subject to Executory Limitation.
B has an Executory Interest in FSA.
O to A, provided, however, that alcohol must never be served on the property.
SOT?
A has a Fee Simple Subject to Condition Subsequent
O has a right of entry in FSA
O to A, but if alcohol is ever served on the property, then immediately to B for life.
A has a Fee Simple Subject to Executory Limitation
B has an Executory Interest in a Life Estate
O has a reversion in FSA
O to A unless A does not maintain the family cemetery on the property; otherwise, then to B.
SOT?
A has a Fee Simple Subject to Executory Limitation
B has an Executory interest in FSA
O to A unless the family cemetery on the property is not maintained anymore, otherwise then to O.
SOT?
A has a Fee Simple Determinable
O has a Possibility of Reverter in FSA
O to A while she maintains a golden retriever rescue operation on the land.
SOT?
A has a Fee Simple Determinable
O has a Possibility of Reverter in FSA
O to A, provided that she always operates a golden retriever rescue operation on the land.
SOT?
A has a Fee Simple Subject to Condition Subsequent
O has a Right of Entry in FSA
O to A, but if she ever stops operating a golden retriever operation on the land, then to B and her heirs.
SOT?
A has a Fee Simple Subject to Executory Limitation
B has an Executory Interest on FSA
O conveys “to A for life, then to B and the heirs of her body.” Reversion?
Under old common law?
If B dies with no ISSUE, it reverts to O.
A: LE
B: VRFT
O: Rev FSA
Under modern law?
In states with not FT, no, because it is treated like a FSA.
In a state that recognizes FT:
If B dies with no ISSUE, it escheats. No reversion.
O conveys “to A for 20 years.”
A: TOY (term of years) for 20 years
O: Rev in FSA
O conveys Blackacre “to A for life, then to B for life.” O subsequently dies with a will devising all of O’s property to C. Then A dies and B dies. Who owns Blackacre?
A has a Life Estate
B has a Vested Remainder in Life Estate
O has a reversion in FSA
O dies
Reversion goes to C
A dies, and B dies
C owns blackacre.
An indefeasibly vested remainder:
1.
2.
- Is certain to become possessory in the future.
- Cannot be divested.
O to A for life, then to B and his heirs. SOT?
A has a Life Estate
B has a Vested Remainder in FSA
A Vested Remainder Subject to Divestment:
1.
2.
- is not certain to become possessory.
- might be divested as a future interest.
O to A for life, then to B and her heirs, but if B does not survive A, then to C and his heirs. SOT?
A has a Life Estate
B has a Vested Remainder Subject to Divestment in FSA
C has an Executory Interest in FSA
A Vested Remainder Subject to Open/Partial Divestment is:
given to a class described but not named
O to A for life, then to A’s children and their heirs. A has one child, A1. SOT?
A has a Life Estate.
A1 has a Vested Remainder Subject to Open/Partial Divestment
O to A for life, then to A’s children and their heirs. A had no children at the time of grant.
A has a life estate.
“A’s Children” have a Contingent Remainder in FSA.
O has a reversion in FSA
A contingent remainder is contingent for one of two reasons:
- It is given to an unascertained person; OR
- It is made contingent on some event occurring other than the natural termination of the prior estate.
O to A for life, then to B and her heirs if B survives A.
A has a Life Estate.
B has a Contingent Remainder in FSA.
O has a reversion in FSA.