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LSDefine

Simple English definitions for legal terms

remainder subject to open

Read a random definition: affectation doctrine

A quick definition of remainder subject to open:

A remainder subject to open is a type of property interest that is left to a group of people, some of whom are alive at the time of the transfer. This interest can be shared with any additional members who join the group in the future. For example, if a will leaves an estate to a person and their children, any children born after the transfer will also have a share in the estate. This type of interest is different from a contingent interest, which can be lost if certain conditions are not met.

A more thorough explanation:

In property law, a remainder subject to open is a type of future interest that is left to a class of people, some of whom are alive at the time of conveyance, but which can be diminished by others joining the class later on.

For example, if a will leaves an estate to an heir and their heir's children, the children who are alive at the time of conveyance have an interest subject to open. This means that any other children born after the conveyance will also share in the interest.

It's important to note that a remainder interest is vested (subject to open) if at least one member of the class is alive at the time of conveyance. However, this type of interest should not be confused with a contingent interest, which is subject to defeasance if certain conditions are not met.

For instance, if a will states that a child must survive the life tenant in order to acquire interest in the property, then the child's interest is contingent and subject to defeasance if they do not meet the condition of survival.

Overall, a remainder subject to open is a way to ensure that future generations of a family or group can benefit from a property interest, even if they are not yet born at the time of conveyance.

remainder subject to divestment | remainderman

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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
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
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