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thank you, come again!
Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

CONTINGENT ESTATE

an interest (or estate) in land that may-or-may-not begin in the future; depending on:
(i) the occurrence of a specific – but uncertain – event; or

(ii) depending on the determination/existence of the person[s] to whom the estate is limited.
compare conditional fee; future interest.

EXAMPLE:

John grants land to Jane (his sister) until she dies, and then provides that the land go to Paul’s children. Paul did not have any children at the time, so the grant [of the land to them following Jane’s death] is a contingent estate. If Paul has still no children when Jane dies, then the title [to the land] reverts back to John (who first granted it).
Congratulations! You're now Froogled Up™ on what "Contingent Estate" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



www.FroogleMe.com
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