11 min read•Last Updated on August 20, 2024
Estates and future interests are crucial concepts in property law, shaping how ownership rights are defined and transferred. These legal constructs determine the extent of control an owner has over property and how that control may change over time.
Understanding estates and future interests is essential for grasping the complexities of property ownership. From fee simple estates to life estates, and from reversions to executory interests, these concepts form the foundation for how property rights are allocated and managed in the legal system.