Reversionary Interest

Reversionary Interest means:
an interest in property transferred by a decedent that returns his or her estate or is subject to a power of disposition by the decedent (e.g., a remainder interest held by a grantor). Former IRC (check if this IRC provision is current here) §2037.

Example of Reversionary Interest:

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Alice is the remainderperson in property that was granted by Charlie to Baker for life. Alice has a reversionary interest in the property.