Present and Future Possessory Interests

To A for life, and on A’s death to B and his heirs

A has a fee simple, and B has a remainder in fee simple

To A for life, and on A’s death to B if B survives A

A has a life estate, and B has a contingent remainder in fee simple, O has a reversion, which becomes possessory on termination of A’s life estate if B predeceases A.

Future Interest

will or may give the owner possession in the future. the interest is present, legally protected right, it is not an expectancy

Reversionary Interests

interests retained by a grantor following a defeasible fee or life estate

Examples of reversionary interests

possibility of reverter, right of entry, and reversions

What are the present posessory estates

fee simple absolute, defeasible fees, fee simple subject to an executory interest

what are the types of defeasible fees

fee simple determinable (and possibility of reverter) and fee simple subject to condition subsequent (and right of entry)