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Simple English definitions for legal terms

contingent remainder

Read a random definition: national origin

A quick definition of contingent remainder:

A contingent remainder is a type of future interest in property that is uncertain. It can happen in two ways: either the person who will own the property is unknown, or there is a condition that must be met before they can own it. For example, if someone says "I give my house to my children, but only if they finish college," that is a contingent remainder because it depends on whether or not the children finish college. Contingent remainders cannot take effect until after other people have owned the property first, and they must follow certain rules.

A more thorough explanation:

A contingent remainder is a type of future interest in real property that is uncertain in some way. It can come in two forms:

For example, if a grantor conveys property "to A for life, then to B's children," the remainder in B's children is contingent because it is uncertain how many children B will have. Another example is if a grantor conveys property "to A for life, then to B if B graduates from college." The remainder in B is contingent because it is uncertain whether B will graduate from college.

Contingent remainders are non-vested, which means that they are not yet capable of being possessed. They are also subject to the Rules Against Perpetuities, which limit how long a future interest can last. Contingent remainders become possessory only if certain conditions are met, such as the natural termination of a prior estate or the fulfillment of a condition precedent.

If a contingent remainder has a condition precedent to possession, it must transfer immediately, with no gap of time, upon the natural termination of a prior estate once the condition precedent is met. An alternative contingent remainder exists when the grant lists two possible takers depending on whether a condition is met.

Overall, contingent remainders are future interests that are uncertain in some way and can only become possessory under certain conditions.

contingent ownership | contingent trust

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Dkk
17:14
Thank you @EvolBunny
babycat
17:14
Yeah and he buys me margaritas :)
babycat
17:15
Idk about horsey that guy seems like a freak
17:15
He is an arsehole but he is your asshole
1a2b3c4d26z
17:15
Would kill for a marg
Dkk
17:15
*spreads ass in mirror to check*
babycat
17:15
one million margs at nyc lsd meetup
Dkk
17:16
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1a2b3c4d26z
17:17
I will walk to nyc to do this
17:17
send it
1a2b3c4d26z
17:17
omw
17:18
Pick up @splitterusclitterus
letsdoadrill
17:18
What time will UCLA begin giving out decisions tomorrow if there’s a wave?
17:19
Who cares about that carp skool
letsdoadrill
17:19
Me
letsdoadrill
17:20
I don’t really care about bantering here tbh I just thought yall would know the time it would
17:20
off wit ya then oy
babycat
17:20
i have no idea if it happens it happens. look at reddit or something
babycat
17:21
@1a2b3c4d26z: yay
Dkk
17:22
UCLA? I am gunna take a guess and say the wave will come out at 11:22:24 on 11/22/24.
no gtown ....?
17:24
@Dkk: the prophecy has been foretold
Dkk
17:24
Gtown will be at the same time tomorrow. They are all coordinating this.
babycat
17:25
Dk is my favorite adcom
thank you dk :)
1a2b3c4d26z
17:27
You can't just not care about the banter... that's the whole chat
Dkk
17:28
Welcome!
HopefullyInLawSchool
17:28
Anyone familiar with vintage cookware, inparticular Magnalite
Dkk
17:29
https://youtube.com/shorts/Qc3NAXxBqyM not at all lol @Hopefully
babycat
17:29
@1a2b3c4d26z: they hate us cuz they ain’t us
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