{"id":364609,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/remainder.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"remainder","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/remainder.html","title":{"rendered":"Remainder"},"content":{"rendered":"\n
\n

term:<\/p>\n

<\/h1>\n\n
\n

n<\/p><\/dt>\n

[Anglo-French, from Old French remaindre<\/i> to remain]
1<\/b> :<\/b> 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 same time and by the same instrument compare future interest<\/i> at interest<\/a>, reversion<\/a> <\/p>\n

charitable remainder<\/b>
:<\/b> a remainder in favor of a charity <\/p>\n

contingent remainder<\/b>
:<\/b> a remainder that is to take effect in favor of an unidentifiable person (as one not yet born) or upon the occurrence of an uncertain event called also executory remainder<\/i> <\/p>\n

cross remainder<\/b>
:<\/b> either of two or more remainders in favor of two or more persons so that upon the termination of one remainder that share goes to the other or others <\/p>\n

executory remainder<\/b>
:<\/b> contingent remainder <\/a> in this entry <\/p>\n

remainder vested subject to open<\/b>
:<\/b> a vested remainder that is subject to diminution by the shares of other remaindermen (as children born later) <\/p>\n

vested remainder<\/b>
:<\/b> a remainder in the favor of an ascertained person who has a present interest and is entitled to take possession upon the termination of the prior estate
2<\/b> :<\/b> that which remains or is left
;specif<\/i>
:<\/b> the property in a decedent’s estate that is not otherwise devised or bequeathed [I leave the rest, residue, and of my estate to my son Michael] <\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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