A future interest is absolutely (or indefeasibly) vested if its beneficiary must (legally) eventually take possessory ownership. A future interest is vested subject to divestment if something could occur that would divest the remainder of an interest.

In property law, future interest is the right to possess property in the future. A future interest is in direct contrast with a present right to property, also referred to as a possessory estate .

A tutorial on future interests in property, including the grantor's interest — reversion, possibility of reverter, and right of entry — and the grantee's future interests: vested remainders, contingent remainders, and executory interests.

“Future interest” is a legal term, and includes reversions, remainders, and other interests or estates, whether vested or contingent, and whether or not supported by a particular interest or estate, which are limited to commence in use, possession, or …

The important characteristic of future interests is that the holder of such an interest is not entitled to the possession of the land, if at all, until some future time. Thus we call future interests

A future interest is an interest that can only be exercised upon the happening of a future event, at which time it becomes a present interest. Future interests are further classified as either contingent future interests or vested future interests, as follows: A contingent future interest is a future interest where the future event

What does "future interest" mean in legal documents? Future interest is a legal term that refers to a person's right to own or possess property at a later time. Imagine you have a friend who promises to give you their bicycle next year.

In property law, a future interest is the right to possess property in the future. It is different from a present right to property, which is also known as a possessory estate. A future interest can be conditional or unconditional and is created when a defeasible estate is formed.

Define the basic concept of future interests under American common law. List the key characteristics of modern future interests. Recognize various future interests based on the words that create them. Classify future interests in the grantor …

2025年1月23日 · Future estates ensure a seamless transition of property rights upon specified events, such as the death of a life tenant. Legal instruments must clearly articulate the conditions for the interest to vest.