shifting executory interest (plural shifting executory interests) (law) A third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with the occurrence of a condition divesting the second party of the land in favor of the third party.

What is an executory interest in property?

A future interest in property that will be triggered on the happening of a stated event. ... An executory interest can be springing (meaning the previous interest was held by the grantor) or shifting (meaning the previous interest was held by someone other then the grantor).

What is the difference between springing and shifting executory interest?

Shifting executory interests go from one grantee to another upon the occurrence of some condition. Springing executory interests go from the grantor to a grantee upon the occurrence of some condition.