Future Estates - Law Dictionary Search Results
Future estates
Future estates, expectancies, which are, at Common Law, of two kinds: reversions
Executory devise
executory devise to be, strictly, such a limitation of a future estate or interest in lands or chattels (though, in the … remarked that a remainder could only be limited in freehold estates. In personal property, under which both chattels real and chattels
Remainder
Act of 1844 (7 & 8 Vict. c. 76) converted future, contingent remainders into executory interests which were not hampered in … equitable interests. A remainder may be limited in all freehold estates, but not strictly and technically in chattels real and personal,
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Quality of estate
conferred upon the owner, whether at present or in the future, Black's Law Dictionary, 7th Edn., p. 1255. The period when, … Quality of estate, means the period when the right of enjoying an estate
Perpetuity
period fixed and prescribed by law for the creation of future estates and interests, Walsh v. Secretary of State for India, (1863)
Power
strangers, i.e., to persons who have neither a present nor future estate or interest in the land. These are also called … no estate was devised, and a statutory power to sell estates, as in the instance of the Land Tax Redemption Acts,
Reversion
may form a legal estate subject to the term. A future interest in land arising by operation of law whenever an … larger estate or reversion.' Settled reversions of freehold or leasehold estates have been reduced to equitable interests by the Law of
Determinable life estates
Determinable life estates, estates for life, which may determine upon future contingencies before the life for which they are created expires.
perpetuity
them in ] 2 a : the condition of a future estate limited in such a way as not to vest … in ] 2 a : the condition of a future estate limited in such a way as not to vest within
Insolvency
of obtaining an absolute discharge from his debts, while the future estate of an insolvent remained liable for his debts even … for the relief of insolvent debtors. For administration of insolvent estates of a deceased person by the Chancery Division, see Administration
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