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Simple English definitions for legal terms

accelerated remainder

Read a random definition: Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)

A quick definition of accelerated remainder:

Accelerated remainder is a type of future interest in property that arises when the initial holder of the property dies or fails to fulfill certain conditions. It is given to a third person who is intended to take ownership of the property after the natural termination of the preceding estate. This type of remainder is called "accelerated" because it passes to the remainderman immediately, instead of waiting for the natural termination of the preceding estate. It is different from other types of remainders, such as vested remainder and contingent remainder, which have different conditions and requirements.

A more thorough explanation:

An accelerated remainder is a type of future interest in real property that arises in a third person who is intended to take after the natural termination of the preceding estate. It occurs when the gift to the preceding beneficiary fails, and the remainder passes to the remainderman. For example, if a grant is “to A for life, and then to B,” but A dies before B, B's future interest becomes an accelerated remainder.

Accelerated remainder is also known as remainder estate or estate in remainder. It is different from other types of remainders, such as vested remainder, contingent remainder, and cross-remainder, which have their own specific characteristics and conditions.

Overall, an accelerated remainder is a way to ensure that the property passes to a designated person after the initial beneficiary's death or failure to fulfill the conditions of the grant.

accelerated-reentry theory | Acceptable Identification of Goods and Services Manual

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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
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