Search results
Results From The WOW.Com Content Network
An indefeasibly vested remainder is certain to become possessory in the future, and cannot be divested. [4] For example A conveys to "B for life, then to C and C 's heirs." C has an indefeasibly vested remainder, certain to become possessory upon termination of B 's life estate (when B dies). C or C 's heirs will clearly be entitled to ...
A contingent remainder is created when a remainder cannot fully vest at the time of granting. This normally occurs in two situations: This normally occurs in two situations: when the property can't vest because the beneficiary is unknown (for example, if the beneficiary is a class subject to open), or
It is also possible to give a person, A, a life interest in a property, with the remainder to go to another person or persons, B. If the beneficiary of the remainder cannot yet be known, then the remainder is said not to have vested, and the remainder is said to be contingent.
[37] [38] If, for example, a grantor's will devised land "to my son, for life; then to his wife [or widow], for life; then to his children living at the time of her death", the children's contingent remainder (contingent on their status as "living" at the time of the widow's death) would be invalid, even if the grantor's son was an elderly and ...
For premium support please call: 800-290-4726 more ways to reach us
Remainders can be vested or conditional, based on conditions of the remainder. [14] Remainders are "vested" when the condition of the remainder is fulfilled, even if the possession has not yet been transferred. [14] For example, in a grant "to A for life, then to B if he graduates high school by age 18", the remainder to B vests when B ...
Adults vs. minors: Naming adults as beneficiaries is straightforward, but if you want to name a minor, there are additional steps you should take, such as creating a trust or custodial account to ...
Myth #2: "You need years of experience before starting to invest" Modern investment platforms have transformed buying assets into a straightforward process that doesn't require an economics degree ...