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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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shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
13:55
not impressed by the fact that they have a park and some buildings. who doesn't
soap
15:04
Manifesting a GPA boost with the end of this semester
CynicalOops
15:13
Colorado mentioned
CynicalOops
15:18
Wait does boston have one of those long ice rinks
CynicalOops
15:18
Those are fun
15:23
what if I started flexing again
15:24
that might be too much
15:33
can we see ur mod badge?
15:41
just for u sweetie pie
15:43
woah so much swagger with dat 'm;
Dkk
15:47
@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.
Dkk
15:48
Indeed, the legendary man himself.
15:49
I would go to blow my back out by the bay boston
15:50
lift with ur back not your legs, its better to have a blown back than two bad legs
CynicalOops
15:53
Blow and back day out by boston bay
15:59
so true
Dkk
16:03
Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.
windyMagician
16:10
is it dumb that I rlly want to go to Mich even tho I have a full ride to umn
16:12
no-value as a consumer often means more than the price
Dkk
16:15
@windyMagician: Nah michigan is better than UMN
Dkk
16:15
My sister just officially graduated, yay!
16:16
awesome @Dkks sister
16:16
prolly named veronica or sarah
windyMagician
16:16
@Dkk: for public defense tho?
windyMagician
16:16
Sarah in the bathroom
texaslawhopefully
16:17
@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.
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