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LSDefine

Simple English definitions for legal terms

Springing executory interest

Read a random definition: locare aliquid faciendum

A quick definition of Springing executory interest:

A springing executory interest is a type of future interest that comes into effect after the grantor's interest ends. It's like a surprise gift that you only get after someone else has finished using it.

A more thorough explanation:

Springing executory interest

A type of future interest that becomes effective only when a specific event occurs, and it follows an interest that the grantor held.

For example, a grantor may convey a piece of property to their child, but only when the child graduates from college. Until the child graduates, the grantor retains ownership of the property. Once the child graduates, the ownership of the property "springs" from the grantor to the child, creating an executory interest.

Another example is a grantor conveying a piece of property to a charity, but only if the charity uses the property for a specific purpose, such as building a community center. If the charity fails to use the property for the specified purpose, the ownership of the property "springs" back to the grantor or to another designated party.

Springing executory interests are future interests that "spring" into effect only when a specific event occurs. These interests follow an interest that the grantor held, and they can be used to ensure that property is used for a specific purpose or that ownership is transferred only when certain conditions are met. The examples illustrate how a springing executory interest works in practice, showing how ownership of property can be transferred or retained based on specific conditions.

springing durable power of attorney | springing interest

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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