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Simple English definitions for legal terms

cross-remainder

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A quick definition of cross-remainder:

A cross-remainder is a type of future interest in land that happens when different people are given particular estates in different parts of the land, and the remainders of all the estates are made to vest in the survivor or survivors. For example, if a will says "to A and B for life, with the remainder to the survivor and her heirs," then A and B have cross-remainders. If no tenants or issue survive, the remainder vests in a third party. Each tenant in common has a reciprocal, or cross, remainder in the share of the others. This type of remainder could not be created by deed unless expressly stated. It could, however, be implied in a will.

A more thorough explanation:

Definition: Cross-remainder is a future interest that arises when particular estates are given to two or more people in different parcels of land or in the same land in undivided shares, and the remainders of all the estates are made to vest in the survivor or survivors. Each tenant in common has a reciprocal, or cross, remainder in the share of the others. If no tenants or issue survive, the remainder vests in a third party (sometimes known as the ulterior remainderman).

Example 1: "To A and B for life, with the remainder to the survivor and her heirs."

Example 2: "Blackacre to A and Whiteacre to B, with the remainder of A's estate to B on A's failure of issue, and the remainder of B's estate to A on B's failure of issue."

Example 1 illustrates cross-remainder where two people, A and B, are given a life estate, and the remainder is given to the survivor. Example 2 illustrates cross-remainder where two people, A and B, are given different parcels of land, and the remainder of each estate is given to the other person on their failure of issue.

Cross-remainder is a complex legal concept that involves the vesting of future interests in multiple parties. It is important to consult with a legal professional to fully understand the implications of cross-remainder in a specific situation.

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13:56
went complete at penn a month ago with still no UR
jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
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