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Future interest created in transferee (3rd party)
1. Indefeasible vested remainder
2. Vested remainder subject to divestment
3. Vested remainder subject to open
4. Contingent remainder
5. Executory interest:
a. Must divest- do not wait patiently- opposite of remainder
b. Springing executory interest (divests the transferor)
c. Shifting executory interest (divests transferee)
2. Vested remainder subject to divestment
3. Vested remainder subject to open
4. Contingent remainder
5. Executory interest:
a. Must divest- do not wait patiently- opposite of remainder
b. Springing executory interest (divests the transferor)
c. Shifting executory interest (divests transferee)
