Life Estate Charts Flashcards

1
Q

Fee Simple Absolute

A

PPI
Fee Simple Absolute

Language to Create
“To A”
“To A and her Heirs”

Future Interest in GRANTOR
NONE

Future Interest in THIRD PERSON
NONE

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2
Q

Fee Simple Determinable

A

PPI
Fee Simple Determinable

Language to Create - DURATIONAL (Also DEFEASIBLE)
“So Long As” 
“While” 
“During” 
“Until” 

Future Interest in GRANTOR
Possibility of Reverter

Future Interest in THIRD PERSON
NONE

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3
Q

Fee Simple Subject to a Condition Subsequent

A

PPI
Fee Simple Subject to a Condition Subsequent

Language to Create – DEFEASIBLE
“But if”
“on condition”
“provided that”

Future Interest in GRANTOR
Right of Entry / Power of Termination

Future Interest in THIRD PERSON
NONE

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4
Q

Fee Simple Subject to an Executory Limitation

A

PPI
Fee Simple Subject to an Executory Limitation

Language to Create - DEFEASIBLE
“until…then to….”
“but if…then to…”

Future Interest in GRANTOR
NONE

Future Interest in THIRD PERSON
Executory Interest

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5
Q

Fee Tail

A

PPI
Fee Tail

Language to Create – REVERSIONARY
“To A and the heirs of his body”

Future Interest in GRANTOR
Reversion

Future Interest in THIRD PERSON
Remainder

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6
Q

Life Estate

A

PPI
Life Estate

Language to Create - DURATIONAL
“To A for Life”
“To A for the Life of B”

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7
Q

Defeasible

O to A (Grantor)

A

Fee Simple Determinable (Possibility of Reverter - Automatic)

or

Fee Simple Subject to Condition Subsequent (Right of Entry - Option)

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8
Q

Defeasible

O to A (Third Party)

A

Fee Simple Subj to Executory Limitation

Springing Executory Interest
(Divests the GRANTOR or durational)

or

Shifting Executory Interest
(divests a TRANSFEREE)

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9
Q

Life Estate
O to A For Life

To Grantor (Reversion)

A

Life Estate Determinable (Possibility of Reverter - automatic)

or

Life Estate Subject to COndition Subsequent (Right of Entry - Option)

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10
Q

Life Estate
O to A For Life

To Third Party

A

Remainder

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11
Q

Shifting Executory Interests

A

Divests a grantee

– E.g., O to A, but if A does not graduate from law school,
to B.

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12
Q

Springing Executory Interests

A

Divests the grantor, or follows durational language

– E.g., O to A if A graduates from law school.
– E.g., O to X until A graduates from law school, then to A.

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