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LSDefine

Simple English definitions for legal terms

future estate

Read a random definition: per formam doni

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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