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LSDefine

Simple English definitions for legal terms

remainderer

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A quick definition of remainderer:

A remainderer, also known as a remainderman or remainderperson, is someone who is entitled to receive a remainder. This means that they will inherit or receive ownership of a property or asset after certain conditions or interests have expired or been fulfilled. An ulterior remainderman is a third party who will only receive their future interest in a property if all preceding interests have expired.

A more thorough explanation:

A remainderer is a person who holds or is entitled to receive a remainder. They are also known as a remainderman or remainor. This term is commonly used in the field of real estate law.

For example, if a person owns a piece of property and wants to leave it to their children after they pass away, they may set up a trust with the children as the remaindermen. This means that the children will inherit the property after the trust has fulfilled its purpose.

Another term related to remainderers is ulterior remainderman. This refers to a third party whose future interest in a property only vests if all the preceding reciprocal interests expire. For instance, if a person sets up a trust with their spouse as the first remainderman and their children as the ulterior remaindermen, the children will only inherit the property if the spouse passes away.

Overall, remainderers play an important role in estate planning and property ownership. They are the individuals who will ultimately receive the property or assets after certain conditions are met.

remainder bequest | remainder estate

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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