700.03 Classification of present and future interests.
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/wi/chapter-700/700-03A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
700.03 Classification of present and future interests. Interests in property are classified as to time of enjoyment as:
(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.