Remainder Definition
A future interest that will become available when another estate ends. For example, Patricia deeds Happy Acres Ranch to Sally for life, and upon Sally's death to Charla or to Charla's children if Charla does not survive. Charla has a remainder, and her children have a contingent remainder, which they will receive if Charla dies before Sally.
Copyright ©2024 MH Sub I, LLC dba Nolo ® Self-help services may not be permitted in all states. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy, Cookie Policy, and Consumer Health Data Notice.
Your Privacy Choices