Here are a few mnemonics to help you remember the future estates:
Reversionary interest:
1) Possibility of Reverter: PORE
2) Right of Entry / Power of Termination: RE-POT
3) Reversion: REVERSE
Remainders:
1) Indefeasibly Vested Remainder: INVEST
2) Vested Remainder Subject to Open: STOP
3) Contingent Remainder: CORE
4) Vested Remainder Subject to Complete Defeasance: CD
Executory Interests: EXECs
1) Shifting Executory Interest: Shifty Exec
2) Springing Executory Interest: Springy Exec
The following interests may violate the Rule Against Perpetuities (RAP):
1) vested remainders subject to open;
2) contingent remainders;
3) executory interests
To remember them, use RAP STOPS CORE EXECS
Spiffy! My personal favorite is: Frank Sinatra Didn't Prefer Orville Redenbacher - FSDPOR - fee simple determinable (always goes with) possibility of reverter
Andrew
Posted by: Andrew Flusche | July 05, 2007 at 12:10 AM
I like that one!
Posted by: Anastasia | July 05, 2007 at 11:26 AM