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LSDefine

Simple English definitions for legal terms

future estate

Read a random definition: defect of substance

A quick definition of future estate:

A future estate is a type of property interest where the right to possess or enjoy the property is not immediate, but will happen in the future. This can be either for the person who granted the property (like a reversion) or for the person who received it (like a remainder or executory interest). It is often used for stocks and debt securities, and can be sold by a trustee. It is also called a future interest, expectant estate, estate in expectancy, or nonpossessory estate.

A more thorough explanation:

A future estate is a type of property interest where the right to possess or enjoy the property is not present but will happen in the future. This is also known as a future interest. It can be held by either the person who granted the property (grantor) or the person who received it (grantee).

For example, if a person grants their property to their child for their lifetime, and then to their grandchild, the grandchild has a future interest in the property. They do not have the right to possess or enjoy the property until their parent dies.

Today, most future interests are in stocks and debt securities, where a trustee has the power to sell them.

It is important to note that a future interest is an existing interest from the time it is created. It is considered part of the total ownership of the property, but the possession or enjoyment of the property will happen in the future.

future earnings | future goods

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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