Common Law Rules on future interests

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6 Terms

1
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What is the doctrine of destructibility of contingent remainders?

A contingent remainder is destroyed if it does not vest before or when the prior estate ends.

2
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What are the three ways a contingent remainder could be destroyed at common law?

1. Failure to vest before prior estate ends

2. Merger: Life estate and reversion end up in the same person

3. Surrender: Life tenant gives up estate before the condition is met

3
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Doctrine of Worthier Title

A grantor cannot create a remainder in their own heirs, the law presumes the grantor kept a reversion instead

4
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When does the doctrine of Worthier title apply

-Only to inter vivos transfers

- When a life estate or term of years and a remainder to the grantor's heirs are created in the same instrument

5
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What is the Rule in Shelley's Case?

If a grantor gives a life estate to a person and a remainder to that person's heirs, the interests merge, giving the person a fee simple

6
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What is the reasoning behind the Rule in Shelley's case

The law dislikes giving future interests to heirs because heirs are unknown until death, merging the interests simplifies ownership