shifting executory interest (plural shifting executory interests) (law) A third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with the occurrence of a condition divesting the second party of the land in favor of the third party.Click to see full answer. Likewise, people ask, what is the difference between a remainder and an executory interest?A key difference between a remainder and an executory interest is that a remainder interest doesn’t take away the interests of a prior interest holder, while an executory interest can cut off the prior interest.Also Know, are executory interests alienable? At common law vested interests were alienable even if they had not become possessory. Since executory interests cannot follow after the natural expiration of a preceding estate, executory interests cannot become vested until they become possessory. Simply so, are future interests transferable? When the right, interest or title to the present or future possession of a legal estate can be transferred by its holder to any other party, it is termed a vested interest with respect to that holder.What is a vested remainder interest?A vested remainder is the absolute right to receive title when a presently existing interest in real property ends. A “vested remainder” is created by deed or by a decree of distribution of an estate given by will.
What is a shifting executory interest?
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