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Future Estates Flow Chart

This flowchart outlines the different types of present estates and future interests in property. It shows that a present estate can be a life estate, which is either absolute or defeasible, or a fee simple estate, which can be defeasible. A future interest can be held by the grantor or a third party/grantee. Common future interests include possibilities of reverter, rights of entry, executory interests, reversions, and remainders. Remainders can be contingent, vested subject to complete divestment, vested subject to partial divestment, or indefeasibly vested.

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Kelsey
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10K views1 page

Future Estates Flow Chart

This flowchart outlines the different types of present estates and future interests in property. It shows that a present estate can be a life estate, which is either absolute or defeasible, or a fee simple estate, which can be defeasible. A future interest can be held by the grantor or a third party/grantee. Common future interests include possibilities of reverter, rights of entry, executory interests, reversions, and remainders. Remainders can be contingent, vested subject to complete divestment, vested subject to partial divestment, or indefeasibly vested.

Uploaded by

Kelsey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PRESENT ESTATES SUBJECT TO FUTURE INTERESTS FLOWCHART

Present Estate:

Life Estate:
Absolute or
Defeasible

Fee Simple:
Defeasible

Future Interest:

Grantor Future
Interest

Third Party/Grantee
Future Interest

Fee Simple
Determinable

Fee Simple
Subject to
Condition
Subsequent

Fee Simple Subject


to Executory
Limitation

Possibilty of
Reverter

Right of Entry
(Power of
Termination)

Executory Interest

Grantor Future
Interest

Third Party/Grantee
Future Interest

Reversion (implied
unless otherwise
stated)

Remainder

Contingent

= RAP

Vested Subject to
Complete
Divestment

Vested

Indefeasibly Vested

Vested Subject to
Partial Divestment

Fee Simple: Defeasible Grantor Future Interest Fee  Simple   Determinable   Possibilty  of   Reverter   Fee

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