executory interest

n. an interest in property (particularly real estate) which will only pass to another in the future, or never, if certain events occur.

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It also includes any holders of remainder or executory interests and holders of general or special powers of appointment.

Special use valuation requires proper election and agreement

20.2032A-8(c)(2) defines such parties to include owners of remainder and executory interests, joint tenants and holders of other undivided interests in the property, and trustees of trusts holding interests in such properties.

Significant recent developments in estate planning

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