When a person owns a fee simple absolute estate interest, that person has the absolute right to use the land, possess it, dispose of it (through sale, will, gift, or in any other manner), and even damage it. In short, a fee simple absolute estate interest is the greatest and highest property ownership estate recognized by United States law. There are no restrictions on the fee simple absolute estate interest. The estate does not terminate automatically, and there is no event that will cause ownership of the property to revert back to the grantor.
The term ”fee simple absolute” was coined because this estate in land never automatically terminates. In fact, the estate right can survive throughout the entire life of the property owner and then be transferred to the heirs of the property owner after his or her death. The fee simple absolute ownership interest also allows for a property owner to convey the accompanying water rights, convey the accompanying mineral interests, or grant an easement right across the land.