See Rule in Shelley's Case.
future interests
(Wex page)
An executory interest that follows an interest that another grantee held.
See: Future Interest
(Wex page)
An executory interest that follows an interest that the grantor held.
See: Future Interest
(Wex page)
An estate that has a natural duration that may be cut short once a particular event or condition happens that allows the grantor to take the property back. The particular event is part of the grantor's future interest rather than part of the estate...
(Wex page)
Also called subject to partial divestment. An estate is given to a certain class of individuals (eg. a person's children), one or more of whom must be already ascertained as part of the class and who has satisfied any conditions precedent to vesting...