A future estate vested subject to open is an estate created in favor
of a class of persons, one or more of whom are ascertained and in being,
which is certain when created to become an estate in possession whenever
and however the preceding estates end, and is subject to diminution by
reason of another person becoming entitled to share therein.
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