700.03 Classification of present and future interests. - Wisconsin Statutes

700.03

700.03 Classification of present and future interests. Interests in property are classified as to time of enjoyment as:

700.03(1)

(1) A present interest, which entitles the owner to the present possession or enjoyment of the benefits of property; or

700.03(2)

(2) A future interest, which does not entitle the owner to possession or enjoyment of the benefits of property until a future time.