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.

Mentioned in ?

estate
executory
Property Law

References in periodicals archive ?

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

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