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Possessory Estates (Restraints on Alienation (Disabling (withholds from…

- - - - can be transferred to heirs of landowner
    - - same estate must be transferred
    - - words of purchase
        
        to who? = ex. To A
        
        denotes who is transferee of the grant
      - words of limitation
        
        To What?= ex. and his heirs
        
        denote what estate the grantor has given A
    - - heirs
        
        persons entitled to succeed to a decedent's estate on the basis of the local statute of intestate succession when the decedent has died without a valid will
      - issue
        
        the surviving children, grandchildren, great-grandchildren, and so on of a decedent
  - - - vested in another person holding a remainder interest
      - reverted to the grantor
- - - - ends automatically upon the occurrence of condition
      - language must indicate that the interest only exists as long as the condition is satisfied
      - language that merely indicates the purpose of the gift is not sufficient
      - accompanied by a future interest
      - can be have a possibility of reverter
    - - interest that does not automatically divest, but may be cut short at the transferor's election
      - language used to create a fee simple subject to condition subsequent
    - - created when grantor transfers what appears to be fee simple subject to condition subsequent and in the same instrument creates a future interest in the 3rd party rather than in himself
      - executory interest