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LSDefine

Simple English definitions for legal terms

executed remainder

Read a random definition: Information Analysis and Infrastructure Protection Directorate

A quick definition of executed remainder:

Executed remainder: An old term that means the same thing as "vested remainder." This means that someone is guaranteed to get a piece of property in the future.

A more thorough explanation:

Executed remainder is an old-fashioned term that means the same thing as vested remainder. A vested remainder is a type of property interest that guarantees a person will receive the property in the future.

For example, let's say that John owns a piece of land and wants to give it to his daughter, Sarah, but only after he passes away. John can create a vested remainder by specifying in his will that Sarah will receive the land when he dies. This means that Sarah has a guaranteed right to the land, even though she won't receive it until John dies.

Another example is if a couple buys a house and puts it in a trust for their children. The trust might specify that the children will receive the house when they turn 25 years old. This creates a vested remainder for the children, who know that they will eventually inherit the house.

These examples illustrate how a vested remainder works by guaranteeing that a person will receive property in the future, even if they don't receive it right away.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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