Transcription of C. FUTURE INTERESTS
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C. FUTURE INTERESTS
Sec. 2 ESTATES IN LAND AND FUTURE INTERESTS S211 C. FUTURE INTERESTS The important characteristic of FUTURE INTERESTS is that the holder of such an interest is not entitled to the possession of the land, if at all, until some FUTURE time. Thus we call FUTURE INTERESTS by different names from present ones: remainder , reversion, or executory interest . The fact that A has a FUTURE interest , however, should not make us lose sight of the fact that we should also describe the quantum of the estate which A will have when and if the interest becomes possessory. It could be, for example, a remainder in fee simple absolute, fee tail, fee simple determinable or for life .
preceding estate(s). The fact that a remainder is vested does not mean necessarily that it is likely to become possessory. If. G . grants “to. A . for life, remainder to. B . for life,” B . has [p*408] a vested remainder, but if. B . is eighty years old and. A . twenty, the chances that. B . will ever enjoy the remainder are slim. The ...
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