estate in expectancy
- A type of property ownership where the right to enjoy the property will commence in the future
- The children were named as the beneficiaries of their father's estate in expectancy, with their inheritance due when they turn 21.
- 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.
- 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.
Provide Feedback
