Explore the legal terms and concepts related to Future Interests. Click on any term below to learn more about its definition and applications.
At common law, how was a contingent remainder destroyed?
Under common law, a contingent remainder is destroyed if it fails to vest before or on termination o...
What is a vested remainder subject to open?
A vested remainder subject to open is a future interest held by a class of persons that is certain t...
What is a contingent remainder?
A contingent remainder is created in unborn or unascertained person or persons subject to a conditio...
What is a vested remainder subject to total divestment?
A vested remainder subject to total divestment is a vested remainder subject to a condition subseque...
What is an indefeasibly vested remainder?
An indefeasibly vested remainder is created in an existing and ascertained person and not subject to...
What is a shifting executory interest?
A shifting executory interest is a future interest in a third party that divests a transferee's prec...
What is a remainder?
A remainder is a third person's future interest in land that, upon the natural expiration of a prece...
What is a class gift?
A class gift is a gift to a group of persons having a common characteristic, in which each member's...
What is a springing executory interest?
A springing executory interest is a future interest in a third party that follows a gap in possessio...
What is an executory interest?
An executory interest is a third party's interest that does not follow the natural termination of th...
What is the Doctrine of Worthier Title?
The Doctrine of Worthier Title states that a remainder in the grantor's heirs is invalid and, instea...
What is the Rule in Shelley's Case?
The Rule in Shelley's case states that, at common law, if the same instrument created a life estate...
In assessing a contingent remainder what is the doctrine of merger?
Under common law, when a person acquires all the present and future interests in land except a conti...
What are future interests?
A future interest is a present, legally protected right in property that provides its holder with ei...
What is the Rule of Convenience?
Under the Rule of Convenience, a class closes when any member of the class can call for distribution...
