§ 699 Future Interest Transfers

• •If you own something now, you can give it to someone else later, even after you die.
• •You can pass on things you own in the future, just like things you own now.
• •This rule applies to things you leave in a will, give as a gift, or pass on when you die.

You own a house and want your kid to have it when you die.

You can write in your will that your kid gets the house after you pass away. This law says that’s okay, just like if you gave them the house while you’re still alive.