A property owner conveys property "to my friend for life, and then to my estate." Based on this conveyance, what type of future interest does the original property owner hold?
A vested remainder
A reversion
A contingent remainder
An executory interest
The correct answer is a reversion. A reversion is a future interest retained by the grantor when they convey a lesser estate than they own, and no other person is specified to take the property upon the termination of that lesser estate. In this scenario, the grantor conveyed a life estate to their friend and specified that the property would revert to their own estate (essentially themselves or their heirs). This satisfies the definition of a reversion, as the property does not go to a third party, such as a remainder beneficiary. Other options are incorrect because they describe different types of future interests that are not applicable: (1) A remainder occurs when the future interest is granted to a third party, and (2) an executory interest typically cuts short another estate or interest.
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