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An executory interest describes a legal interest in real property in the future.
This is most commonly observed when title is shifted from one owner to another depending on future events that occur.
It could mean that ownership of property will be transferred to one party should an individual marries someone, and transferred to another person if that individual marries someone else.
This is often seen in the estate planning of very wealthy people who are concerned about their legacy.
A fee simple can also be subject to an executory interest where events can determine the outcome of ownership and transfer of title.