Estate Planning has its own vocabulary. To help you speak the language, we've created a glossary of the more commonly used words and phrases. This glossary is comprised of 26 individual pages, one for each letter of the alphabet. To find a particular word or phrase that starts with the letter "V" - simply scroll down the list below. If your word or phrase starts with another letter, please use the alphabet index below.
The term "vested interest" means an interest that can not be defeated or taken away. A vested interest may be a present interest or a future interest, depending upon the terms of the governing instrument. See "contingent interest."