New York Estates, Powers & Trusts Law Part 4 - ESTATES DEFINED
6-4.1 - Definition of an Estate in Possession
6-4.1 Definition of an estate in possession An estate in possession is an estate which entitles the owner to the immediate possession of property.
6-4.2 - Definition of a Future Estate
6-4.2 Definition of a future estate A future estate is an estate limited to commence in possession at a future time, either without the intervention...
6-4.3 - Definition of a Remainder
6-4.3 Definition of a remainder A remainder is a future estate, as defined in 6-4.2, created in favor of a person other than the creator.
6-4.4 - Definition of a Reversion
6-4.4 Definition of a reversion A reversion is the future estate, other than a possibility of reverter and a right of reacquisition, left in the...
6-4.5 - Definition of a Possibility of Reverter
6-4.5 Definition of a possibility of reverter A possibility of reverter is the future estate left in the creator or in his successors in interest...
6-4.6 - Definition of a Right of Reacquisition
6-4.6 Definition of a right of reacquisition A right of reacquisition is the future estate left in the creator or in his successors in interest...