Remainder
/ˈriː.mān.dər/
Definitions
- (n.) The portion of an estate left after specific gifts and debts are distributed.
The remainder passed to the heirs after all legacies were paid.
- (n.) A future interest in property that becomes possessory after the termination of a prior estate.
The property was granted to A for life, with a remainder to B.
Forms
- remainders
See also
Commentary
In wills and trusts, distinguishing a remainder from a reversion clarifies future ownership.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.