Estates & Future Interests

36 flashcardsby Sam
Study these flashcardsFree · spaced repetition · iPhone, Android, Mac & web

All cards

1
O to A for life, then to A's heirs.
Shelley's rule; O = nothing; A = fee simple absolute; A's heirs = nothing
2
O to A for life, then to B, but if B is not living, to C.
O = nothing; A = life estate; B = vested remainder subject to divestment; C = executory interest
3
O to A and his heirs so long as the land is used for educational purposes; and if it is not used for educational purposes, then to B and her heirs.
Rule against perpetuities applies; O = possibility of reverter; A = fee simple determinable; B = nothing
4
O to A for life, then to B and her heirs, but if B ever sells liquor on the land, to C and her heirs.
O = nothing; A = life estate; B = vested remainder subject to divestment; C = executory interest
5
O to A for life, then to B if B survives A, but if B does not survive A, to C's children. C has one child, X.
O = reversion; A = life estate; B = contingent remainder; C's children = alternate contingent remainder
6
O to A for life, then to B for life, then to C and her heirs.
O = nothing; A = life estate; B = vested remainder in life estate; C = vested remainder in fee simple absolute
7
O to A for life, then to A's surviving children, but if A has no surviving children, then to B and his heirs.
O = reversion; A = life estate; A's surviving children = contingent remainder; B = alternate contingent remainder
8
O to A and his heirs, but if A ever consumes alcoholic beverages, then to B and her heirs.
O = nothing; A = fee simple subject to executory limitation; B = executory interest
9
O to A and his heirs, but if the property ever ceases to be used for residential purposes, then to B and her heirs.
Rule against perpetuities applies; O = nothing; A = fee simple absolute; B = nothing
10
O to A for life, then to A's oldest son living at the time of A's death, but if liquor is ever sold on the premises during the lifetime of either of these persons, then to B. A is alive and has 3 living sons.
O = nothing; A = life estate; A's oldest son = contingent remainder; B = executory interest
11
O to A for life, then to A's surviving children, but if none of A's children survive A, then to C.
O = reversion; A = life estate; A's surviving children = contingent remainder; C = alternate contingent remainder
12
O to A, but if the property is ever used for immoral purposes, then to B.
Rule against perpetuities applies; O = nothing; A = fee simple absolute; B = nothing
13
O to A for so long as the property is used for agricultural purposes.
O = possibility of reverter; A = fee simple determinable
14
O to A for life, then to B, but if B dies in A's lifetime, to C.
O = nothing; A = life estate; B = vested remainder subject to divestment; C = executory interest
15
O to A for life, then to B for the life of C.
O = reversion; A = life estate; B = life estate pur autre vie in C
16
O to A for life, then to B for life.
O = reversion; A = life estate; B = vested remainder in life estate
17
O to A so long as the property is used for agriculture purposes, but if ever used for non-agriculture purposes, to B.
Rule against perpetuities applies; O = possibility of reverter; A = fee simple determinable; B = nothing
18
O to A for life, then to A's surviving children, but if A should die without children surviving her, then to B.
O = reversion; A = life estate; A's surviving children = contingent remainder; B = alternate contingent remainder
19
O to A for life, then to the heirs of O.
Doctrine of worthier title applies; O = reversion in fee simple absolute; A = life estate
20
O to A for life, then to the heirs of B.
O = reversion; A = life estate; B's heirs = contingent remainder
21
O to A for life, then to the children of A, but if all of A's children die without issue surviving them, then to B and his heirs.
O = nothing; A = life estate; A's children = vested remainder subject to divestment; B = executory interest
22
O to A for the life of B, then to C and her heirs.
O = nothing; A = life estate pur autre vie in B; C = vested remainder
23
O to A for life, remainder to heirs of A.
Shelley's rule applies; O = nothing; A = fee simple absolute; A's heirs = nothing
24
O to A for life, remainder to A's surviving children, but if A leaves no children surviving, then to B and his heirs.
O = reversion; A = life estate; A's surviving children = contingent remainder; B = alternate contingent remainder
25
O to A and his heirs so long as the premises are used for non-commercial purposes, but if ever used for commercial purposes, to B and his heirs.
Rule against perpetuities applies; O = possibility of reverter; A = fee simple determinable; B = nothing
26
O to H1 & W1, husband and wife, and H2 & W2, husband and wife, all as joint tenants with the right of survivorship in all four, and not as tenants in common. H1 conveys his interest to H2 & W2. H2 dies intestate.
O = nothing; H1 = nothing; W1 = fee simple absolute as joint tenant; W2 = fee simple absolute as joint tenant
27
O to A, but if A moves off the land being conveyed, O may retake possession.
O = right of entry; A = fee simple subject to condition subsequent
28
O to A for life, then to B and his heirs, but if B does not survive A, then to O.
O = reversion; A = life estate; B = vested remainder subject to divestment
29
O to A for life, then to A's surviving children, but if A has no children surviving, then to B and his heirs.
O = reversion; A = life estate; A's surviving children = contingent remainder; B = alternate contingent remainder
30
O to A and her heirs, but if the property ever ceases to be used for residential purposes, then to B and her heirs.
Rule against perpetuities applies; O = nothing; A = fee simple absolute; B = nothing
31
O to A for life, then to B for life, then to the heirs of A.
O = nothing; A = life estate; B = vested remainder in life estate; A's heirs = vested remainder in fee simple absolute
32
O to A for life, then to A's oldest son who survives A for life, then to B.
O = nothing; A = life estate; A's oldest son who survives A = contingent remainder; B = vested remainder
33
O to A for B's life.
O = reversion; A = life estate pur autre vie in B
34
O to A for life, then to B and her heirs, but if B ever marries a Lutheran, then to C.
O = nothing; A = life estate; B = vested remainder subject to divestment; C = executory interest
35
O to A and his heirs so long as the premises are used for non-commercial purposes, but if ever so used for commercial purposes, to B and his heirs.
Rule against perpetuities applies; O = possibility of reverter; A = fee simple determinable; B = nothing
36
O to A for life, then to the heirs of A.
Shelley's rule applies; O = nothing; A = fee simple absolute; A's heirs = nothing
Study all 36 cards for free