A future interest under which a grantor retains a present right to a future interest in property that the grantor conveys to another; usually the residue of a life estate. The residue of an estate left by operation of law in the grantor or his heirs, or in the heirs of a testator, commencing in possession on the determination of a particular estate granted or devised. Any future interest left in a transferor or his successor. "It is a vested interest or estate, in as much as person entitled to it has a fixed right to future enjoyment" A reversion, moreover, is the remnant left in the grantor, while a remainder is the remnant of the whole estate disposed of, after a preceding part of the same has been given away. OK, so I work in a law office ! Janean ----- Original Message ----- From: <Hdanw@aol.com> To: <VAFAUQUI-L@rootsweb.com> Sent: Thursday, September 25, 2003 1:39 AM Subject: Re: Reversion of estate > I heard one genealogist-lecturer (PhD and lives in Salt Lake City) explain > that a lease and release was to avoid paying taxes!!! I have seen these in > other Virginia counties, generally executed one day apart. > > Sounds logical, but I think if I think about it the next time I am near a > Black's law dictionary, I shall look it up. > > If you find out before I do, please e-mail me!!! > > E.W.Wallace > > > ==== VAFAUQUI Mailing List ==== > List problems? First, read the Welcome Message that you received > when you subscribed to this list. Feel free to contact > Jim Burgess,list administrator mailto:jim@promobiz.biz > with questions concerning this list! >