contingent remainder

contingent remainder
An estate in remainder under a limitation which is uncertain as to the person who is to take or as to the event upon which the preceding estate is to terminate, so that the preceding estate may terminate and yet the remainder never take effect. Re Youngs Will, 248 Iowa 309, 79 NW2d 376. A contingent remainder is only the possibility or prospect of an estate, which exists when what would otherwise be a vested remainder is subject to a condition precedent, or is created in favor of an uncertain person or persons. Sands v Fly, 200 Penn 414, 292 SW2d 706, 57 ALR2d 188. See remainders on a contingency with a double aspect.

Ballentine's law dictionary. . 1998.

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

  • contingent remainder — noun An interest in property that is owned by a party that can not be identified until the interest vests. Example: Joe leaves property to Mike for life, and then to Mikes oldest surviving child ; since it is not known who will be Mikes oldest… …   Wiktionary

  • contingent remainder — /kənˌtɪndʒənt rəˈmeɪndə/ (say kuhn.tinjuhnt ruh maynduh) noun Law a future interest in property which comes into possession only on the happening of a contingency, as attaining the age of twenty one years …  

  • 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

  • contingent — con·tin·gent /kən tin jənt/ adj 1: likely but not certain to happen compare executory 2: intended for use in circumstances not completely foreseen a contingent fund 3: dependent on or conditioned by something else …   Law dictionary

  • contingent interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent interest …   Law dictionary

  • remainder subject to a condition precedent — See: contingent remainder Category: Wills, Trusts & Estates Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • Remainder (law) — Property law Part of …   Wikipedia

  • remainder — The remnant of an estate in land, depending upon a particular prior estate created at the same time and by the same instrument, and limited to arise immediately on the determination of that estate, and not in abridgement of it. A future interest… …   Black's law dictionary

  • remainder — /ri mayn deuhr/, n. 1. something that remains or is left: the remainder of the day. 2. a remaining part. 3. Arith. a. the quantity that remains after subtraction. b. the portion of the dividend that is not evenly divisible by the divisor. 4. Math …   Universalium

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