Vested & contingent interests

"In construing an instrument, the primary objective is to determine the intent of the maker and render the construction which reflects that intent.  Although the law favors vested interests, and a construction in favor of a vested interest will be given in cases of doubt, the basic task before any court is to determine whether or not the testator intended a particular interest to be vested or contingent.  In making such a determination we must examine the instrument in its entirety to ascertain whether the testator intended to make a gift presently with payment postponed until a future time, or whether he intended to suspend the gift altogether until such future time."

"A gift which is made presently with payment postponed creates a vested interest, but a gift which is suspended altogether until a future time creates a contingent interest."