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Simple English definitions for legal terms

Remainder (trust law)

Read a random definition: fool's test

A quick definition of Remainder (trust law):

Remainder (trust law): In trust law, a remainder is what's left of the trust property after specific gifts have been given to the intended beneficiaries. It's like having a cake and giving slices to some people, but there's still some cake left over. That leftover cake is the remainder. In the same way, the remainder is what's left of the trust property that hasn't been given to anyone yet.

A more thorough explanation:

In trust law, a remainder interest refers to the portion of the trust property that remains after specific devises have been given to the intended beneficiaries.

For example, if a trust is created with the instruction that the income from the trust property should be given to a specific person for their lifetime, and then the remainder of the property should be given to a charity, the charity would have a remainder interest in the trust property.

Another example would be if a trust is created with the instruction that the income from the trust property should be given to a specific person for their lifetime, and then the remainder of the property should be given to their children. In this case, the children would have a remainder interest in the trust property.

These examples illustrate how a remainder interest works in trust law. It is the portion of the trust property that is left over after specific devises have been given to other beneficiaries.

remainder (property law) | remainder subject to a condition precedent

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triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
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