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🎧 EPISODE SUMMARY 🎧
Classification controls the analysis. Determinable fees terminate automatically; conditions subsequent require exercise of a power; executory limitations shift ownership to another transferee. Life estates end with the measuring life and carry waste duties. Remainders await natural termination, while executory interests divest or follow a gap. Vesting depends on ascertainment and conditions, with class gifts requiring additional attention. Apply the correct perpetuities regime and test restraints separately. The conveyance's exact language determines the sequence of ownership.
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