remainder subject to open

remainder subject to open
A vested remainder that will go to a group containing an undetermined number of people. For example, "to Adam for life, and then to his children." The remainder left to the children is subject to open because it is unknown how many children (if any) Adam will have at his death.
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • remainder vested subject to open — see remainder Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • vested remainder subject to open — noun A future interest held by a member of a class, for which the interest is certain to vest, but for which new members may enter the class before the interest vests, thereby reducing each members share of the total interest …   Wiktionary

  • remainder — re·main·der n [Anglo French, from Old French remaindre to remain] 1: an estate in property in favor of one other than the grantor that follows upon the natural termination of a prior intervening possessory estate (as a life estate) created at the …   Law dictionary

  • Open University — is also the name of other institutions. See Distance education or the Open Universities category for a list. The Open University Motto Learn and Live Established …   Wikipedia

  • Open standard — An open standard is a standard that is publicly available and has various rights to use associated with it, and may also have various properties of how it was designed (e.g. open process). There is no single definition and interpretations vary… …   Wikipedia

  • Future interest — This article is about the legal concept of future interests in property. For the actuarial valuation of future streams of income, see Future interests (actuarial science) …   Wikipedia

  • vest — vb [Anglo French vestir, literally, to clothe, from Old French, from Latin vestire] vt 1 a: to place in the possession, discretion, or province of some person or authority all legislative powers herein granted shall be vest ed in a Congress of… …   Law dictionary

  • future interest — noun In property law and real estate, a legal right to property ownership which will vest in the future, but which does not include the right to present possession or enjoyment of the property. See Also: contingent remainder, executory interest …   Wiktionary

  • Glucose — This article is about the naturally occurring D form of glucose. For the L form, see L Glucose. D glucose …   Wikipedia

  • Cougar — This article is about the large cat species. For other uses, see Cougar (disambiguation). Cougar[1] Temporal range: Middle Pleistocene to recent …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”