Basic Future Interests
Basic Future Interests is a follow-up tutorial exercise to The Estate System. It deals with the two major classes of future interests, those retained by transferors and those created in third persons. Emphasis is given to distinguishing among the various kinds of vested remainders and contingent remainders, as well as to distinguishing between remainders and executory interests. The lesson also provides the primary treatment of the defeasible fee simple estates, with emphasis on the future interests that tailor them.