Search results
Results from the WOW.Com Content Network
A shifting executory interest cuts short someone other than the grantor. For example, if O conveys property "To A, but if B returns from Florida within the next year, to B"; here, B has a shifting executory interest, and A has a fee simple subject to this shifting executory interest. A shifting executory interest may be premised on any event ...
The future interest of C is not certain, thus it is "defeasible". Additionally, the interest cannot become smaller by the addition of more remainder owners, thus it is not "open". The identifying component is the possibility of being divested by D who owns an executory interest from the remainder if C becomes a lawyer. [7]
A fee simple subject to an executory limitation is an estate that ends when a specific condition is met and then transfers to a third party. The interest will not revert to the grantor. If the condition is met, the grantee loses the interest and the third party gains it automatically. [2] Example:
Not all interest rates work the same. Your choice among these two main types come down to how you save and how you borrow. Here's what to know about fixed and variable rates.
The current average interest rate for a 30-year fixed mortgage is 6.79% for purchase and 6.76% for refinance, down 1 basis point from 6.80% for purchase and 1 basis point from 6.77% for refinance ...
Interest rate. 30-year loan term — monthly payment. Total interest paid over life of 30-year term. 15-year loan term — monthly payment. Total interest paid over life of 15-year term. 5.00% ...
(2) A use or interest in land limited to take effect upon a given contingency. For instance, a grant to X. and his heirs to the use of A., provided that when C. returns from Rome the land shall go to the use of B. in fee simple. B. is said to take under a conditional limitation, operating by executory devise or springing or shifting use. [1]
Higher interest rates and the potential for increased volatility were cited as the driving factors for this shift. Your investment portfolio may not qualify you as a member of the 1% — at least ...