A future estate subject to a condition precedent is an estate created
in favor of one or more unborn or unascertained persons or in favor of
one or more presently ascertainable persons upon the occurrence of an
uncertain event.
Structure New York Laws
EPT - Estates, Powers and Trusts
Article 6 - Classification, Creation, Definition Of, and Rules Governing Estates in Property
6-4.1 - Definition of an Estate in Possession
6-4.2 - Definition of a Future Estate
6-4.3 - Definition of a Remainder
6-4.4 - Definition of a Reversion
6-4.5 - Definition of a Possibility of Reverter
6-4.6 - Definition of a Right of Reacquisition
6-4.7 - Definition of a Future Estate Indefeasibly Vested
6-4.8 - Definition of a Future Estate Vested Subject to Open
6-4.9 - Definition of a Future Estate Vested Subject to Complete Defeasance
6-4.10 - Definition of a Future Estate Subject to a Condition Precedent