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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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