Executory Interests Flashcards

1
Q

Determinable Estate Followed by An Executory Interest

A

“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.
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2
Q

“O to A while A serves in the United States armed forces, then to B.

A

A has a possessory estate in fee simple determinable.

B has an executory interest in fee simple absolute.

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3
Q

“O to A and Her heirs; however, if B marries, then to B.

A

A has a fee simple subject to an executory limitation.

B. has an executory interest in fee simple absolute. (Automatically divests Estate).

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4
Q

“O to A; however, if A uses the land for a tavern, then to B.”

A

A has a possessory estate in fee simple subject to an executory limitation.

B. has an executory interest in Fee simple absolute.

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5
Q

“O to A; however, if A uses the land for a tavern, then to O.”

A

A has a possessory estate in fees simple subject to a condition subsequent.

O has a right of entry in fee simple asbsolute.

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6
Q

O to A for life; but if A divorces, then to O.

A

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.)

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7
Q

“O to A for life, then to B for life, then to C.”

A

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.

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8
Q

“O to A and her heirs, but if a divorces, then to B for life, and then to O and his heirs.”

A

A has a fee simple subject to an executory limitation.
B has a executory interest in
O has a reversion in fee absolute.

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9
Q

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

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.

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10
Q

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

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.

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11
Q

Vested Remainders Subject to Divestment

A

“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 =
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12
Q

Condition Precedent

A
  • Condition that:
  • Is Set out within the description of the particular estate, AND
  • Must be satisfied before the estate becomes possessory.
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13
Q

subject to open

A
Vested Reminder given to a class = Subject to Open
- More class members may join.
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14
Q

Shifting Executory Interest

A

Follows an Estate in a Grantee

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15
Q

Springing Executory Interest

A

Divests and Estate in the Grantor

“O to A when she turns 21.”

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16
Q

“O to A when she turns 21.”

A

O has a possessory estate in fee simple subject to an executory limitation.
A has a springing executory interest in fee simple absolute.

17
Q

“O to A for life, then to B 5 years after A’s Death.”

A

A has a life estate
O has a reversion in fee simple subject to an executory limitation.
B has a springing executory interest in fee simple absolute.

18
Q

“O to A; however, if B obtains her PHD, then to B and her heirs.”

A

A has a fee simple estate subject to executory limitation.

B has a shifting executory interest in fee simple absolute.

19
Q

O to A for life, then to A’s oldest child for life, provided that if B should join a cult during either of the life estates, then to C for life. (A has no Children).

A

A has a possessory estate in a life estate subject to executory limitation.
A’s oldest child has a contingent remainder in a life estate subject to executory limitation.
O has a reversion in fee simple absolute.

20
Q

O to “my brother if and when he survives me.”

A

O = Possessory estate subject to executory limitation in fee simple
Brother: Springing executory interest in fee simple absolute.

21
Q

O to A for life, then to B, on condition that B Never uses illegal drugs, and if B uses illegal drugs, then his interest will cease and be replaced by an estate to C and her Heirs.”

A

A has a possessory estate in a life estate,
B has a vested remainder subject to executory limitation,
C has a shifting executory interest in fee simple absolute.