Executory Interests Flashcards
Determinable Estate Followed by An Executory Interest
“O to A and her heirs until B marries, then to B.”
- Words of limitation included in description of A’s estate.
- words of temporal limitation (until, so long as, while, and during.)
- Future interest in a GRANTEE (NOT THE GRANTOR)
- Automatically has a right to possession.
“O to A while A serves in the United States armed forces, then to B.
A has a possessory estate in fee simple determinable.
B has an executory interest in fee simple absolute.
“O to A and Her heirs; however, if B marries, then to B.
A has a fee simple subject to an executory limitation.
B. has an executory interest in fee simple absolute. (Automatically divests Estate).
“O to A; however, if A uses the land for a tavern, then to B.”
A has a possessory estate in fee simple subject to an executory limitation.
B. has an executory interest in Fee simple absolute.
“O to A; however, if A uses the land for a tavern, then to O.”
A has a possessory estate in fees simple subject to a condition subsequent.
O has a right of entry in fee simple asbsolute.
O to A for life; but if A divorces, then to O.
A has a possessory estate in a life estate subject to a condition subsequent.
O simple has a REVERSION (A only has a life estate)
(but also, O has a right of entry. (Larger interest = Reversion.)
“O to A for life, then to B for life, then to C.”
A has a possessory estate in life Estate
B has a vested remainder in life estate.
C has a vested remainder in fee simple absolute.
“O to A and her heirs, but if a divorces, then to B for life, and then to O and his heirs.”
A has a fee simple subject to an executory limitation.
B has a executory interest in
O has a reversion in fee absolute.
O to A and his heirs until B reaches 30, then to B; however, if B ceases to use the land for church purposes, then to C.
A has an estate in fee simple determinable
B has an Executory Interest in fee simple subject to executory limitation,
C has an executory interest in fee simple absolute.
O to A for life, then to B for life, then to C, but if C sells liquor on the property, then to D.
A has an possessory estate in a life estate,
B has a vested remainder in a life estate.
C has a vested remainder in fee simple, subject to an executory limitation,
D has an executory interest in fee simple absolute.
Vested Remainders Subject to Divestment
“O to A for life, then to B for life, then to C, but if B sells liquor on the property then to D.”
- A = Possessory Estate in Life Estate
- B = Vested Remainder Subject to executory limitation in a life estate.
- C = Vested Remainder subject to divestment in Fee absolute.
- D =
Condition Precedent
- Condition that:
- Is Set out within the description of the particular estate, AND
- Must be satisfied before the estate becomes possessory.
subject to open
Vested Reminder given to a class = Subject to Open - More class members may join.
Shifting Executory Interest
Follows an Estate in a Grantee
Springing Executory Interest
Divests and Estate in the Grantor
“O to A when she turns 21.”