ABSTRACT
It is now necessary to say a little more about the estates of freehold. It will be recalled (see Chapter 5) that only one freehold estate can now exist at Law, namely the fee simple absolute in possession. Equity still recognises all three freehold estates, the fee simple, the entail and the life estate. These three are commonly referred to as equitable estates, but it is strictly more accurate to describe them as equitable interests, arising as they do under a trust.
