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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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FEE SIMPLE ABSOLUTE
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-largest of freehold estate;
-potentially infinite in duration; FSA must be fully alienable; no direct restraints on transfer of ownership of FSA. |
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FUTURE INTERESTS IN GRANTEE -->
VESTED REMAINDER |
O to A for life; and then on A's death to B and his heirs.
Identify and describe interest in land? |
A takes a:Life Estate
B: remainder in FSA |
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REMAINDERS
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Remainder is future interest in a 3rd party grantee that comes "naturally" and "immediately"on the termination of the preceding estate.
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