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ESTATES IN LAND & FUTURE INTERESTS

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Future Interests:
Reserved by the Grantor – reversion, possibility of reverter, right of entry a/k/a power of termination. These interest are always “vested.”
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Held by Third Parties (not the grantor) – remainder, executory limitation

More important than classification here is whether the particular interest is “vested” or “contingent.” The interest may be either, and may start out as a contingent interest but later become vested.

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