Prop new 8

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Author:
Anonymous
ID:
301118
Filename:
Prop new 8
Updated:
2015-04-20 00:17:19
Tags:
Prop new
Folders:
Prop new 8
Description:
Prop new 8
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  1. Vested Remainder
    • 1. At least 1 ascertained person AND
    • 2. No unmet condition
  2. Contingent Remainder
    • 1. No ascertained person (heir, etc..) OR
    • 2. Unmet condition
  3. Executory Interest
    NOT capable of coming to possession @ natural end of preceding estate.
  4. Shifting Executory Interest
    Cuts off another Transferee
  5. Springing Executory Interest
    Cuts off Grantor/Owner
  6. Fee Simple Determinable
    • 1. Future interest in Transferor
    • 2. Phrased in Durational Terms
  7. Fee Simple Subject to Condition Subsequent
    • 1. Future interest in transferor
    • 2. not phrased in durational terms
  8. FS/ Subject to Executive Limitation
    • 1. Future interest in transferee
    • 2. No weight given to phrasing
  9. Alternative Contingent Remainder
    interest turns on same condition
  10. Alternative Contingent Remainder (transferor)
    Reversion in FS/subect to executive limitation
  11. To A (l).
    Then to B(h)
    then if B doest not marry C, to D.
    • B= VR subject to divestment in FSA
    • (Condition mentioned later!)

    • If A dies?
    • B=FS Subject to Executive Limitation

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