vested remainder

vested remainder
vested remainder see remainder

Merriam-Webster’s Dictionary of Law. . 1996.

vested remainder
An unconditional right to receive property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie leaves her house in a life estate to her husband and then to her daughter when her husband dies, the daughter has a vested remainder in the house.
Category: Wills, Trusts & Estates

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

vested remainder
n.
   the absolute right to receive title after a presently existing interest in real property terminates. A "vested remainder" is created by deed or by a decree of distribution of an estate given by will. Example: "Title to the Hard Luck Ranch to my son, Sean, subject to a life estate to my brother, Douglas." Sean has a "vested remainder" which is an absolute right, Sean could sell to another person at this time, with occupancy delayed until title would pass to him.
   See also: vest, vested

Law dictionary. . 2013.

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Look at other dictionaries:

  • Vested remainder — Vested Vest ed, a. 1. Clothed; robed; wearing vestments. The vested priest. Milton. [1913 Webster] 2. (Law) Not in a state of contingency or suspension; fixed; as, vested rights; vested interests. [1913 Webster] {Vested legacy} (Law), a legacy… …   The Collaborative International Dictionary of English

  • vested remainder — A remainder limited to an ascertained person or persons with no further condition imposed upon the taking effect in possession than the determination of the precedent estate. 28 Am J2d Est § 217. An estate invariably fixed, to remain to a… …   Ballentine's law dictionary

  • vested remainder — /vɛstəd rəˈmeɪndə/ (say vestuhd ruh maynduh) noun Law an interest, property, etc., to which a person is presently entitled but which will not come into his or her possession until some future event, as a remainder contingent on the death of a… …  

  • vested remainder — noun : a remainder granted or devised by the owner of a fee to a then ascertainable existing person who has or whose heirs or devisees have the present legal right to enter into possession and enjoy the estate upon the termination of a preceding… …   Useful english dictionary

  • vested remainder — noun A future interest in an estate in land which is certain to vest at some future point …   Wiktionary

  • 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

  • vested — vest·ed / ves təd/ adj 1: fully and absolutely established as a right, benefit, or privilege: not dependent on any contingency or condition; specif: not subject to forfeiture if employment terminates before retirement vested pension benefits 2:… …   Law dictionary

  • Vested — Vest ed, a. 1. Clothed; robed; wearing vestments. The vested priest. Milton. [1913 Webster] 2. (Law) Not in a state of contingency or suspension; fixed; as, vested rights; vested interests. [1913 Webster] {Vested legacy} (Law), a legacy the right …   The Collaborative International Dictionary of English

  • Vested legacy — Vested Vest ed, a. 1. Clothed; robed; wearing vestments. The vested priest. Milton. [1913 Webster] 2. (Law) Not in a state of contingency or suspension; fixed; as, vested rights; vested interests. [1913 Webster] {Vested legacy} (Law), a legacy… …   The Collaborative International Dictionary of English

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