Expectancies
/ɪkˈspɛktənsiz/
Definitions
- (n.) Future interests in property that a person expects to receive, but which are not yet possessory rights.
The heirs' expectancies were subject to the terms of the trust until the property vested.
Forms
- expectancy
Related terms
See also
Commentary
Expectancies differ from vested rights because they depend on the occurrence of certain conditions and are not yet enforceable property interests.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.