Real Property Interests: Present Estates and Future Interests Explained

This video provides an in-depth exploration of real property interests, focusing on the distinctions between present estates and future interests. Learn about the various types of estates, including fee simple absolute, life estates, and defeasible estates, as well as the complexities of future interests like remainders, executory interests, and reversions.
We also cover key legal principles such as the rule against perpetuities, waste, and reasonable restraints on alienation. Essential for law students, real estate professionals, and anyone seeking clarity on property ownership and transfer rules.
Key topics covered include:
Present Estates: Fee simple absolute, fee tail, life estates, and defeasible estates.
Future Interests: Remainders (vested and contingent), executory interests, and reversions.
Rule Against Perpetuities: Ensuring property isn't controlled indefinitely after death.
Waste: Permissive, voluntary, financial, and ameliorative waste explained.
Fee Tail Abolishment: Transition to fee simple absolute for unrestricted ownership.
Restraints on Alienation: Legal limits on restricting the transfer of property.
Charitable Trusts and Perpetuities: Exceptions and special considerations.
Creation of Interests: Statute of frauds, trusts, and enforceability of conveyances.
Impact of Defeasible Estates: Examples of determinable and condition subsequent scenarios.
Trusts in Real Property: Private vs. charitable trusts and their unique rules.
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