Remainders
/ˈriːmɛndərz/
Definitions
- (n.) Future interests in property granted to a third party after the termination of a prior estate, such as a life estate.
The estate was left to her for life, with the remainders passing to her children.
Forms
- remainder
Related terms
See also
Commentary
Remainders specifically refer to future interests capable of becoming possessory upon the natural expiration of a prior estate; clarity about the type of preceding estate is helpful in drafting.
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.