Introduce yourself to the concept and characteristics of executory interests, beginning with a look at the the fee simple subject to executory interest, which is a present estate, and moving to the corresponding future interests, including springing executory interests and shifting executory interests
Welcome to our clip on executory interests! Executory interests can be tricky. First, we’ll try to set forth the general definition and characteristics of executory interests. In so doing, we’ll provide you with a frame of reference by comparing and contrasting executory interests with their close relative, the remainder. As we do this, we’ll introduce you to a fourth fee simple estate: the fee simple subject to an executory limitation. After that, we’ll define the two specific types of...