Simple English definitions for legal terms
Read a random definition: adverse-agent doctrine
Definition: An indefeasibly vested remainder is a future interest in a third person, who is intended to take after the natural termination of the preceding estate. It is a type of remainder that is not subject to any condition subsequent and is certain to acquire a present interest sometime in the future.
Example: If a grant is “to A for life, and then to B,” B's future interest is an indefeasibly vested remainder. This means that B is certain to acquire the property after A's death, and there are no conditions that could prevent B from taking possession of the property.
Explanation: An indefeasibly vested remainder is a type of remainder that is not subject to any condition subsequent. This means that the remainderman is certain to acquire a present interest sometime in the future and will be entitled to retain the interest permanently. In the example given, B's interest in the property is certain and cannot be taken away by any condition subsequent. B will acquire the property after A's death, and there are no conditions that could prevent B from taking possession of the property.