Future Estate

An estate which is to commence in possession in the future {in futuro). It includes remainders, reversions, and estates limited to commence in futuro without a particular estate to support them, which last are not good at common law, except in the case of terms for years. See 2 Sharswood, Bl. Comm. 165. In New York law it has been defined as "an estate limited to commence in possession at a future day, either without the intervention of a precedent estate, or on the determination by cluding reversions, which cannot be said to be created at the same time, because they are a remnant of the original estate remaining in the grantor. 11 Rev. St. N. Y. (3d Ed.) 9, § 10.

An estate which is to commence in possession in the future (infuturo). It includes remainders, reversions, and estates limited to commence in futuro without a particular estate to support them, which last are not good at common law except in the case of terms for years. See 2 Bla. Com. 165. In New York law it has been defined “an estate limited to commence in possession at a future day, either without the intervention of a precedent estate, or on the determination by lapse of time, or otherwise, of a precedent estate created at the same time,” thus excluding reversions, which cannot be said to be created at the same time, because they are a remnant of the orig- St Mich. $ 6526; Gen. St. Minn. 1878, c. 45, § 10; L’Etourneau v. Henquenet 89 Mich. 428, 60 N. W. 1077, 28 Am. St Rep. 310.

An estate to which a person is entitled in futuro; an estate in expectancy. 1 Steph. Com. 289. Of expectancies, there are at the common law two sorts; one called a reversion, the other called a remainder. Id. ibid. In New-York, estates in expectancy have been divided into future estates and reversions; a future estate being defined "an estate commencing at a future day," or more fully, "an estate limited to commence in possession at a future day, either without the intervention of a precedent estate, or on the determination, by lapse of time or otherwise, of a precedent estate created at the same time." 1 Rev. St. [723,] 718, §§ 9, 10.