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Simple English definitions for legal terms

Remainder (trust law)

Read a random definition: National Credit Union Administration

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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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
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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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