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Simple English definitions for legal terms

contingent remainder

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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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RoaldDahl
16:05
dodged the mich r wave what does this mean
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?
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