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2. Life estate - Wikipedia

   en.wikipedia.org/wiki/Life_estate

   In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when the property rights may revert to the original owner or to another person. The owner of a life estate is called a "life tenant".

3. Future interest - Wikipedia

   en.wikipedia.org/wiki/Future_interest

   An executory interest is a future interest, held by a third-party transferee (i.e. someone other than the grantor), which either cuts off another's interest or begins some time after the natural termination of a preceding estate. An executory interest vests upon any condition subsequent except the natural termination of the original grantee's ...

4. Rule against perpetuities - Wikipedia

   en.wikipedia.org/wiki/Rule_against_perpetuities

   The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.

5. Life interest - Wikipedia

   en.wikipedia.org/wiki/Life_interest

   A life interest [1] (or life rent in Scotland) is a form of right, usually under a trust, that lasts only for the lifetime of the person benefiting from that right. A person with a life interest is known as a life tenant. A life interest ends when the life tenant dies. An interest in possession trust is the most common example of a life ...

6. Remainder (law) - Wikipedia

   en.wikipedia.org/wiki/Remainder_(law)

   A person, A, conveys (gives) a piece of real property called "Blackacre" "to B for life, and then to C and her heirs". B receives a life estate in Blackacre. C holds a remainder, which can become possessory when the prior estate naturally terminates (B 's death). However, C cannot claim the property during B 's lifetime.

7. Waste (law) - Wikipedia

   en.wikipedia.org/wiki/Waste_(law)

   A lawsuit for waste can be brought against a life tenant or lessee of a leasehold estate, either by a current landlord or by the owner of a vested future interest. The holder of an executory interest, however, has no standing to enforce an action for waste, since his future interest is not vested. There are several different kinds of waste ...

8. Filing a Small Estate Affidavit in Texas Costs This Much - AOL

   www.aol.com/finance/filing-small-estate...

   Texas allows the heir of a person who has died without a will to avoid probate by using a summary administration process with a small estate affidavit. A small estate affidavit can allow an heir ...

9. Reversion (law) - Wikipedia

   en.wikipedia.org/wiki/Reversion_(law)

   A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate).