Other Rules Furthering Marketability by destroying contingent future interests Flashcards
Destructibility of contingent remainders
Rule = at common law the contingent remainder was destroyed if it was still contingent by the time that the preceding estate ended even if it was possible to vest at a later time
*This rule has since been abolished
Doctrine of Merger
Under common law if the life estate and the next vested estate in fee simple come into the hands of one person the lesser estate is merged into the larger
*This doctrine is still in effect
Rule in Shelleys Case
A. At common law the rule would apply only when O conveys, “To A for life, then on A’s death to A’s heirs” A is alive
I. Under S.C = A has F.S
II. Modern Rule = A has a life estate, As as yet unknown heirs have a contingent remainder in FS, and O has a reversion in FS because A might die without heirs
Has to be this exact language otherwise S.C doesn’t apply
Doctrine of Worthier Title
- Applies when O who is still alive, tries to create a future interest in his heirs.
EX: O who is alive conveys, “To A for life, then to O’s heirs”
1) According to common law doctrine the contingent remainder in Os heirs is void therefore A has a life estate and O has a reversion in FS
2) Without this doctrine, A has a life estate, and O’s heirs have a contingent remainder in FS, O has a reversion in FS