Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

executory remainder

Read a random definition: international application originating in the United States

A quick definition of executory remainder:

Executory remainder: This is another term for a contingent remainder, which means that the person who is supposed to receive the property after the current owner dies is not yet known. It is called "executory" because it is dependent on a future event happening, such as the death of the current owner or the occurrence of a specific condition. Until that event happens, the person who will receive the property is uncertain.

A more thorough explanation:

Definition: An executory remainder is a type of future interest in property that is created in a third party and takes effect only if a specific condition is met. It is similar to a contingent remainder, but differs in that it does not require the termination of a prior estate to become possessory.

Example: John conveys his property to his son, Tom, for life, with the remainder to Tom's children. However, if Tom dies without any children, the property will go to John's daughter, Sarah. In this scenario, Sarah has an executory remainder because her interest in the property is contingent upon the condition that Tom dies without any children.

Explanation: The example illustrates how an executory remainder is created in a third party and takes effect only if a specific condition is met. In this case, Sarah's interest in the property is contingent upon the condition that Tom dies without any children. If Tom has children, then Sarah's interest in the property will not take effect. Therefore, an executory remainder is a type of future interest that is subject to a condition precedent.

executory interest | executrix

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.