One which is not yet in possession, but the enjoyment of which is to begin at a future time;a present or vested contingent right of future enjoyment. These are remainders and reversions.Fenton v. Miller, 108 Mich. 210. 05 N. W. 900; In re Mericlo. 03 IIow. Prac. (X.Y.) GO; Greyston v. Clark, 41 Ilun (N. Y.) 130; Ayers v. Trust Co., 187 111. 42, 58 N. E.318.
What is ESTATE IN EXPECTANCY?
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