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Answered Question
Q
Max B
what is an executory interest?
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A
Answered by: Lawyer Up
 
Executor interests are future interests that show up in a few different contexts. However, regardless of when they show up, they always mean the same thing.

A person with an executory interest comes into his interest by "cutting short" the estate that preceded it. That means that some sort of condition happened while the present interest guy was enjoying the property. As soon as that condition happened, WHAM, the executory interest holder gets to muscle in and start HIS turn.
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TAGS:  property, executory interest
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