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LSDefine

Simple English definitions for legal terms

remainder estate

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A quick definition of remainder estate:

A remainder estate is when someone else gets the property after the person who has it now dies or their time with it ends. For example, if someone gives their house to their friend for their lifetime, and then to their friend's child, the child has a remainder estate. There are different types of remainder estates, like a vested remainder (when the person who will get the property is already known) or a contingent remainder (when it depends on something happening first).

A more thorough explanation:

A remainder estate is a future interest in a third person who is intended to take after the natural termination of the preceding estate. For example, if a grant is “to A for life, and then to B,” B's future interest is a remainder. The remainder estate arises in someone other than the estate's creator, its initial holder, or the heirs of either.

There are different types of remainder estates, such as:

The examples illustrate how the remainder estate works in different situations. For instance, a vested remainder is given to a known person, and the interest is not subject to any conditions. On the other hand, a contingent remainder is given to an unknown person or made subject to a condition precedent. The remainder estate is an essential concept in property law, and it helps to determine who will inherit the property after the initial holder's death.

remainderer | remainder indefeasibly vested

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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