Estates in Land and Future Interests: Problems and Answers, Third Edition

The carefully crafted problems in this popular workbook have proven their effectiveness in helping students learn the rules and classifications in this intricate area of the law. The book remains as an ideal supplement to any Property or Wills, Trusts, and Estates course. Through a series of hypothetical situations, Makdisi's text allows students to practice applying the rules and assigning the classifications He brings coherence and clarity To The area with: -a historical background of the law -problem sets accompanied by full answers in every chapter -complete coverage of all the rules as they are applied today -a systematic organization of the common law -concise explanations of the classifications of interests and estates The Third Edition: -breaks down complex concepts to make them more digestible and heighten readibility -streamlines the presentation, with only the absolute essentials retained in the text -reorganizes the material to eliminate cross-referencing between chapters With its careful explanations of the modernized rules and catergories, excellent demonstrations of concepts, and skillful use of real-world problems, ESTATES IN LAND AND FUTURE INTERESTS: Problems and Answers, Third Edition, makes this area of study as painless as possible. Table of Contents Preface 1. Classification of Interests and Estates A. Definitions B. Categories of Estates C. Subcategories of Estates D. Categories of Future Interests 1. Future Interests in the Grantor 2. Future Interests in the Grantee E. Subcategories of Remainders 1. Contingent Remainder 2. Vested Remainder F. Summary: Dichotomous Key for Identification Procedure Problem Set I 2. Class Interests A. Inclusion B. Exclusion 1. Class Closing Rules 2. Four Examples 3. Distribution of Shares Problem Set II 3. Rules for Identification of the Conveyance A. No Gap in Seisin B. Piggyback Rule C. 'Die without Issue' Construction D. Subsumption Rule E. Modified Rule in Wild's Case F. Preference for Vesting Exception G. Backup Rule H. Merger Rule I. Rule in Shelley's Case J. Doctrine of Worthier Title Problem Set III 4. Rules to Govern Events Subsequent To The Conveyance A. Destructibility of Contingent Remainders B. Indestructibility of Executory Interests C. Rule in Purefoy v. Rogers D. Merger Rule E. Transferability Problem Set IV 5. The Rule against Perpetuities A. Elements 1. Must Vest 2. If at All 3. Not Later Than 21 Years 4. After Some Life in Being at the Creation of the Interest B. A System to Determine Validity under RAP Problem Set V 6. Powers of Appointment A. Definitions B. Types of Powers C. Rules D. Rule Against Perpetuities Problem Set VI