future interest

future interest
future interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

future interest
index reversion (remainder of an estate)

Burton's Legal Thesaurus. . 2006


future interest
n.
An interest in real or personal property that will begin at some specified time in the future.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


future interest
A right to receive property sometime in the future, either on a particular date or upon the occurrence of an event. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.


future interest
n. With real property, an ownership or possessory interest that does not presently exist, but will come into being upon the occurrence of an event or condition.

Webster's New World Law Dictionary. . 2000.


future interest
A claim on property, real or personal, that will begin at some point in the future.
A future interest allows the grantor to retain the right to use that property until the specified transfer date. Future interest agreements are often used by donors for tax purposes. For example, a person may grant a future interest in his or her home to a charity, with the stipulation that he will retain use of the home for the remainder of his life, also called a "life estate". Although the charity will not receive the property until the donor's death, the donor can claim a tax deduction the same year the future interest is granted.
Also called future estate.

Dictionary from West's Encyclopedia of American Law. 2005.


future interest
A claim on property, real or personal, that will begin at some point in the future.
 
A future interest allows the grantor to retain the right to use that property until the specified transfer date. Future interest agreements are often used by donors for tax purposes. For example, a person may grant a future interest in his or her home to a charity, with the stipulation that he will retain use of the home for the remainder of his life, also called a "life estate". Although the charity will not receive the property until the donor's death, the donor can claim a tax deduction the same year the future interest is granted. Also called future estate.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

future interest
n.
   a right to receive either real property or personal property some time in the future, either upon a particular date or upon the occurrence of an event. Typical examples are getting title upon the death of the person having present use, outliving another beneficiary, reaching maturity (age 18) or upon marriage.

Law dictionary. . 2013.

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Look at other dictionaries:

  • Future interest — This article is about the legal concept of future interests in property. For the actuarial valuation of future streams of income, see Future interests (actuarial science) …   Wikipedia

  • future interest — noun In property law and real estate, a legal right to property ownership which will vest in the future, but which does not include the right to present possession or enjoyment of the property. See Also: contingent remainder, executory interest …   Wiktionary

  • future interest — noun or future estate : an interest or estate in property limited or created so that its owner will come into the use, possession, or enjoyment of it at some future time : estate in expectancy …   Useful english dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • future estate — A claim on property, real or personal, that will begin at some point in the future. A future interest allows the grantor to retain the right to use that property until the specified transfer date. Future interest agreements are often used by… …   Law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

  • future interests — Interests in real or personal property, a gift or trust, or other things in which the privilege of possession or of enjoyment is in the future and not present. Commissioner of Internal Revenue v. Wells, C.C.A.6, 132 F.2d 405, 407. An interest… …   Black's law dictionary

  • future interests — Interests in real or personal property, a gift or trust, or other things in which the privilege of possession or of enjoyment is in the future and not present. Commissioner of Internal Revenue v. Wells, C.C.A.6, 132 F.2d 405, 407. An interest… …   Black's law dictionary

  • Interest Rate Swap — An agreement between two parties (known as counterparties) where one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps often exchange a fixed payment for a floating payment that …   Investment dictionary

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