Legal Definition and Related Resources of Estate In Expectancy
Meaning of Estate In Expectancy
In relation to the time of their enjoyment estates are divided into those in expectancy and those in possession . An estate which entitles the owner to immediate possession of the property is an estate in possession . If the right to possession of the property is postponed to a future time, pending the determination of an intermediate estate, such as that of a life tenant , then it is one in expectancy. A reversionary or a remainder estate is one in expectancy.
Related Entries of Estate In Expectancy in the Encyclopedia of Law Project
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Estate In Expectancy in Historical Law
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Legal Abbreviations and Acronyms
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