Springing Interest Definition

An interest in property that will take effect in the future, at a specific time or when a specific event occurs. For example, a will or deed might give someone the right to use property for life and direct that ownership of the property then pass to someone else.

Springing Interest

An interest in property that will take effect in the future, at a specific time or when a specific event occurs. For example, a will or deed might give someone the right to use property for life and direct that ownership of the property then pass to someone else.