New York Estates, Powers & Trusts Law Section 6-4.9 - Definition of a future estate vested subject to complete defeasance

6-4.9 Definition  of  a  future  estate  vested  subject  to  complete
        defeasance
A future estate vested subject to complete  defeasance  is  an  estate
  created  in  favor  of  one  or more ascertained persons in being, which
  would become  an  estate  in  possession  upon  the  expiration  of  the
  preceding  estates,  but may end or may be terminated as provided by the
  creator at, before or after the expiration of such preceding estates.

Last modified: February 3, 2019