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Simple English definitions for legal terms

remainder subject to a condition precedent

Read a random definition: last-survivor life insurance

A quick definition of remainder subject to a condition precedent:

Remainder subject to a condition precedent is when someone will inherit property only if certain things happen in the future. For example, if someone's brother is still alive when they die, or if the family's farm is still being used. This is also called a contingent remainder.

A more thorough explanation:

Definition: A remainder subject to a condition precedent, also known as a contingent remainder, is a future interest in property that will only pass to a person or entity if certain conditions are met at the time of the title-holder's death. These conditions are usually uncertain or unknown at the time the interest is created.

Example 1: John leaves his house to his daughter, Sarah, but only if she graduates from college. If Sarah does not graduate from college, the house will go to John's son, Michael. In this example, Sarah has a contingent remainder because she will only inherit the house if she meets the condition of graduating from college.

Example 2: Mary leaves her farm to her son, Tom, but only if he continues to operate the farm for at least five years after her death. If Tom does not continue to operate the farm, the farm will go to Mary's daughter, Jane. In this example, Tom has a contingent remainder because he will only inherit the farm if he meets the condition of operating it for at least five years after Mary's death.

These examples illustrate how a remainder subject to a condition precedent is a future interest in property that is dependent on certain conditions being met. The person or entity who will inherit the property is uncertain until the condition is fulfilled or not fulfilled.

Remainder (trust law) | remainder subject to divestment

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lilypadfrog
12:53
@atwatodbit: yayyyy 我的中文朋友
choosingpeace
12:53
@muvanji: Im sorry i have no ideaa
atwatodbit
12:54
someone posted an a on reddit 5 minutes ago so i think they're still calling
GreyCeaselessMammoth
12:54
nneed to know his softs https://www.lsd.law/users/creep/MaybeTooHopeful
atwatodbit
12:54
I got my call about 15 minutes ago
atwatodbit
12:54
@lilypadfrog: 謝謝,每次我上這個網站你有新的名字
Trismegistus
12:54
dude these lsats on lsd are fucking fried what the hell man
lilypadfrog
12:55
@atwatodbit: 哈哈哈我只是个傻女孩
cumsock
12:55
me in this cycle
12:56
UPenn pull thru 🙏
12:56
I think they’re done tho
atwatodbit
12:56
people are still posting, i think they are still going
atwatodbit
12:56
reddit post in last minute saying just got the call
Trismegistus
12:56
damn went from HLS II last cycle to this
atwatodbit
12:56
@sadpadresfan: FWIW your stats are far better than mine
GreyCeaselessMammoth
12:56
need penn to drop ed 2 so all the people bound by that withdraw from schools that i want to go to
lilypadfrog
12:57
我没有决定
atwatodbit
12:57
加油,等一會人一定會開始收好新聞
12:57
@atwatodbit: haha I feel like this cycle its not rlly all ab stats tho
atwatodbit
12:59
@sadpadresfan: for sure, but you're certainly as strong as me though. Hold on whether its later today or weeks from now. Plus you got da berk A, I am jealous
lilypadfrog
12:59
每个人都说“你的考试成绩这么好,你会得到很好的决定”,但我没有!
texaslawhopefully
12:59
oof I think I'm going to miss the penn wave
texaslawhopefully
12:59
are they still calling
Trismegistus
12:59
hey tex me too lmfao
choosingpeace
12:59
@texaslawhopefully: me too yayyy
lilypadfrog
12:59
we did it reddit
13:00
@atwatodbit: haha ty wishing you the best as well
cumsock
13:00
careful! i graduated from reddit university
13:00
@texaslawhopefully: another day another missed wave??
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