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3. Reversion
Created when holder of vested estate transfers to another a smaller estate
Reversion is interest which remains in grantor is reversion
Completely Alienable- may pass by will, intestacy or inter vivos conveyance
Reversion vs. Possibility of Reverter:
If grantor has given away something less than fee simple, he retains reversion
If grantor has given away fee simple determinable, he retains only possibility of reverter
Reversion is interest which remains in grantor is reversion
Completely Alienable- may pass by will, intestacy or inter vivos conveyance
Reversion vs. Possibility of Reverter:
If grantor has given away something less than fee simple, he retains reversion
If grantor has given away fee simple determinable, he retains only possibility of reverter
