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Wis. Stat. § 700.03

Classification of present and future interests

Interests in property are classified as to time of enjoyment as:

(1) A present interest, which entitles the owner to the present possession or enjoyment of the benefits of property; or (2) A future interest, which does not entitle the owner to possession or enjoyment of the benefits of property until a future time.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.