estate in expectancy

Definition of "estate in expectancy"
  1. A type of property ownership where the right to enjoy the property will commence in the future
How to use "estate in expectancy" in a sentence
  1. The children were named as the beneficiaries of their father's estate in expectancy, with their inheritance due when they turn 21.
  2. In the will, an estate in expectancy was created, the terms of which stipulated the property would pass to the beneficiary after the current tenant vacated.
  3. The trust established an estate in expectancy for the non-profit organization, allowing it to take possession of the property once certain conditions were met.

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