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LSDefine

Simple English definitions for legal terms

remainder subject to divestment

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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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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