Estate In Reversion

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Definition of "Estate in reversion"

Mike Karras real estate agent
Mike Karras William Raveis Real Estate

Same as term reversion: Also called estate in reversion. A vested interest or estate in which a person has a fixed interest in the future. For example, if a grantor is required by the IRS to pay a substantial sum in back taxes, the part remaining reverts to the estate for later distribution to the beneficiaries.

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