Future Interest


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Future Interest

A claim on property, real or personal, that will begin at some point in the future. A future interest allows the grantor to retain the right to use that property until the specified transfer date. Future interest agreements are often used by donors for tax purposes. For example, a person may grant a future interest in his or her home to a charity, with the stipulation that he will retain use of the home for the remainder of his life, also called a "life estate." Although the charity will not receive the property until the donor's death, the donor can claim a tax deduction the same year the future interest is granted. Also called future estate.

Cross-references

Bequest; Will.

future interest

n. a right to receive either real property or personal property some time in the future, either upon a particular date or upon the occurrence of an event. Typical examples are getting title upon the death of the person having present use, outliving another beneficiary, reaching maturity (age 18), or upon marriage.

References in classic literature ?
In the perilous uncertainty of our present situation, it is hard to say what future interests may not depend upon the regularity of the entries in my journal, and upon the reliability of my recollection at the time when I make them.
If by chance they are revolutionary, they are so only in view of their impending transfer into the proletariat, they thus defend not their present, but their future interests, they desert their own standpoint to place themselves at that of the proletariat.
Let's suppose the future interests of another person depend on your saying, Yes--when all your own most cherished ideas and opinions urge you to say, No.
The interest rate for an ARM loan can significantly change the amount owed each month, and there isn't a way to predict your future interest rate without a crystal ball.
He noted three beliefs that the central bank should seek to impart; a sense of shared belonging, a sense of fairness and a rationale of self interest-collective building of future interest.
As for market expectations, markets are skeptical on Yellen's outlook for future interest rates as FED members are not on the same page.
As per the settlement, 1MDB will, amongst others, make certain payments to IPIC and will assume responsibility for all future interest and principal payments for two bonds issued by 1MDB Group companies due in 2022.
On Tuesday, the central bank said that future interest rate cuts would not depend on any single factor.
BANKING AND CREDIT NEWS-February 19, 2015-More than two thirds of SMEs cite future interest rate rises as reason for concern
Steve Brittan, past president of Birmingham Chamber and managing director of exporters BSA Machine Tools, said: "A future interest rate rise will no doubt be of concern to exporters in the West Midlands due to its potential impact on exchange rates.
But an economy built on consumer spending is shaky, especially if households then scale back in the face of future interest rate hikes.
The key measure could have an important influence on the path of future interest rates while its weakness has been described by the International Monetary Fund (IMF) as a major risk to growth.

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