vested future estate

vested future estate
An estate which exists when there is a person in being who would have an immediate right to the possession of the lands upon the ceasing of the intermediate or precedent estate. Palmer v Dunham, 52 Hun 468, 471, 6 NYS 46. See vested remainder.

Ballentine's law dictionary. . 1998.

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  • future estate — /fjutʃər əsˈteɪt/ (say fyoohchuhr uhs tayt) noun Law 1. estate that may be acquired in the future, as a contingent remainder. 2. existing estate to take effect in possession in the future, as reversion and vested remainder …  

  • estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… …   Law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • vested — vest·ed / ves təd/ adj 1: fully and absolutely established as a right, benefit, or privilege: not dependent on any contingency or condition; specif: not subject to forfeiture if employment terminates before retirement vested pension benefits 2:… …   Law dictionary

  • vested remainder — see remainder Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vested remainder …   Law dictionary

  • vested estate — see estate 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vested estate n …   Law dictionary

  • vested interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vested interest …   Law dictionary

  • 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

  • vested — Fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. Rights are vested when right to enjoyment, present or prospective,… …   Black's law dictionary

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