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Simple English definitions for legal terms

accelerated remainder

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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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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