Related Definitions
What is an Expectancy?
An amount of an inheritance or assets that a beneficiary expects to receive from another party. This can include assets from a will, a trust, or non-probate transfers like a life insurance policy.
The potential future interest or benefit an individual has in an inheritance, although it has not yet been realized. Expectancy does not confer legal rights to the property until the estate is settled, but it can influence an individual’s financial planning and decisions. Understanding expectancy is important in estate planning, as it helps individuals navigate potential inheritances and manage expectations regarding future wealth.
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