Future Interest Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Future Interest, written in plain English, along with examples of how it is used.
What is Future Interest?
(n) Future interest is the right to receive a property, right or benefit on the occurrence or non-occurrence of certain events, or on reaching of a particular time. Eg. 1 . Residual interest of a person on death of last beneficiary. 2. Transfer of trust property on attainment of majority