Wisconsin Statutes 700.03 – Classification of present and future interests
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Interests in property are classified as to time of enjoyment as:
Terms Used In Wisconsin Statutes 700.03
- Property: includes real and personal property. See Wisconsin Statutes 990.01
(1) A present interest, which entitles the owner to the present possession or enjoyment of the benefits of property; or
(2) A future interest, which does not entitle the owner to possession or enjoyment of the benefits of property until a future time.