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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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