Simple English definitions for legal terms
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Remainder
A future interest in a third person who is intended to take after the natural termination of the preceding estate. For example, if a grant is “to A for life, and then to B,” B's future interest is a remainder. If there is only one preceding estate and the remainder vests on that estate's expiration, the remainder is also termed an executed estate.
There are different types of remainders:
Remainders can be created by a will or a deed. They are important in estate planning and property law.