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This comprehensive guide provides an overview of the rules and principles of estates and future interests, including concurrent estates, marital estates (including the modern elective share), and powers of appointment. It includes recent innovations from the Restatement 3d of Property, modernizing the law of future interests and dramatically changing the Rule Against Perpetuities. With respect to powers of appointment, the book incorporates the clarifications and modernizations of the law in the Restatement 3d of Property and the Uniform Powers of Appointment Act (2013, with subsequent amendments). The Seventh Edition is fully updated to take account of the latest developments, including the rise of optional community property and the use of community property trusts, as well as the growing number of states extending or abolishing the Rule Against Perpetuities. The book also has exercises, with answers at the back. Valuable for students in first-year Property and upper-year courses in Trusts and Estates.