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LSDefine

Simple English definitions for legal terms

remainder subject to divestment

Read a random definition: Twenty-seventh Amendment

A quick definition of remainder subject to divestment:

Remainder subject to divestment: This means that someone has the right to own something, but that right can be taken away or "divested" under certain conditions. It is similar to a defeasible remainder, which is a type of property ownership that can be lost if certain conditions are not met. Essentially, a remainder subject to divestment is a type of ownership that is not completely secure and can be lost if certain conditions are not met.

A more thorough explanation:

A remainder subject to divestment is a type of defeasible remainder, which means that the right to inherit property is not absolute and can be taken away under certain conditions. In the case of a remainder subject to divestment, the right to inherit the property is conditional upon the occurrence of a specific event or condition.

For example, if a father leaves his house to his son, but with the condition that if the son gets married, the house will go to his daughter instead, then the son has a remainder subject to divestment. If the son gets married, the condition is triggered, and the son's right to inherit the house is divested, or taken away, and the daughter becomes the new owner.

Another example could be if a person leaves a piece of land to a charity, but with the condition that the charity must use the land for a specific purpose, such as building a community center. If the charity fails to use the land for that purpose, the remainder subject to divestment would allow the property to go to another beneficiary.

These examples illustrate how a remainder subject to divestment can be used to ensure that property is used in a specific way or to provide for alternative beneficiaries if certain conditions are not met.

remainder subject to a condition precedent | remainder subject to open

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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