Future Estates - Law Dictionary Search Results

By certain considerations. (b) Those arising by act of law, which were either- (1) Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before … of uses:- (1) They were descendible according to the rules of the Common Law relating to the inheritable estates of intestates: and the special customs of gavelkind, borough-English, and copyholds, determined the particular descent of uses. This

Executory devise

devise. Mr. Fearne (Cont. Rem. 386) defines an executory devise to be, strictly, such a limitation of a future estate or interest in lands or chattels (though, in the case of chattels personal, it is more properly … over to another person. It is to be remarked that a remainder could only be limited in freehold estates. In personal property, under which both chattels real and chattels personal are included, there could not be a

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Remainder

give effect to a chattel remainder. An (English) Act of 1844 (7 & 8 Vict. c. 76) converted future, contingent remainders into executory interests which were not hampered in the same way, but the (English) Real Property … 1925, s. 4, as to the construction of equitable interests. A remainder may be limited in all freehold estates, but not strictly and technically in chattels real and personal, although these may be limited over after a

Springing use

a form of use in the nature of an executory interest directing property inland to vest at a future period which does not coincide with the termination of a legal estate at common law, for instance. In … property inland to vest at a future period which does not coincide with the termination of a legal estate at common law, for instance. In conveyances before 1926, upon a grant by X. To B. to the

Quality of estate

when the right of enjoying an estate is conferred upon the owner, whether at present or in the future, Black's Law Dictionary, 7th Edn., p. 1255. The period when, and the manner in which, the right of … Quality of estate, means the period when the right of enjoying an estate is conferred upon the owner, whether at present

Perpetuity

of, or will not necessarily vest within the period fixed and prescribed by law for the creation of future estates and interests, Walsh v. Secretary of State for India, (1863) 10 HLC 367. Perpetuity, unlimited duration; exemption from

Power

s. 3. (1) Collateral, which are given to strangers, i.e., to persons who have neither a present nor future estate or interest in the land. These are also called simply collateral, or powers not coupled with on … an executor, to sell an estate, to whom no estate was devised, and a statutory power to sell estates, as in the instance of the Land Tax Redemption Acts, are both Common Law authorities. The estate passed

Reversion

in the freehold or leasehold reversion, which together may form a legal estate subject to the term. A future interest in land arising by operation of law whenever an estate owner grants to another a particular estate, … particular, as carved or sliced out of the larger estate or reversion.' Settled reversions of freehold or leasehold estates have been reduced to equitable interests by the Law of Property Act, 1925, but the word is also

Executor

and 1860 (23 & 24 Vict. c. 38), s. 8, a sum may be set apart to meet future claims upon the estate in respect of the covenants in a lease assigned to a purchaser, etc. (4) … him with full power ovr the testator's chattels, Attenborough v. Solomon, 1913 AC 76, and by Administration of Estates Act, 1925, s. 1, extending and amending the Land Transfer Act, 1897, real property devolves in the same

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