vested remainder

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 determinate person, after the precedent estate is spent. 2 Bl Comm § 168. An estate passing absolutely by will or conveyance, where possession or enjoyment is postponed until the termination of the particular estate upon which it is limited - Re Phearman, 211 Iowa 1137, 232 NW 826, 82 ALR 674. A remainder is vested if, at every n its continuance, it is a present estate, however the preceding freehold estate determines. Sands v Fly, 200 Tenn 414, 292 SW2d 706, 57 ALR2d 188. Wherever the preceding estate is limited, so as to determine on an event which certainly must happen, and the remainder is so limited to a person in esse, and ascertained, that the preceding estate may by any means determine before the expiration of the estate limited in remainder, such remainder is vested, Fearne, Contingent Remainders p 216, quoted in 28 Am J2d Est § 217. Unless the intent of the testator is made to appear to the contrary, a devise or bequest will be construed in favor of a vested remainder instead of a contingent remainder. Re Phearman, 211 Iowa 1137, 232 NW 826, 82 ALR 674.

Ballentine's law dictionary. . 1998.

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

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  • 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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