There are two types of remainders in property law: vested and contingent. A vested remainder is held by a specific person without any conditions ("conditions precedent"); a contingent remainder is one for which the holder has not been identified, or for which a condition precedent must be … See more In property law of the United Kingdom and the United States and other common law countries, a remainder is a future interest given to a person (who is referred to as the transferee or remainderman) that is capable of … See more The key difference between a reversion and a remainder is that a reversion is held by the grantor of the original conveyance, whereas "remainder" is used to refer to an interest that would … See more In the United Kingdom it is possible for a patent creating a hereditary peerage to allow for succession by someone other than an heir-male or heir of the body, under a so-called "special remainder". Several instances may be cited: • See more A remainder is vested if both 1. The remainder is given to a presently existing and ascertained person. 2. It is not subject to a "condition precedent". See more The contingent remainder is one that is surrounded in uncertainty. A remainder is contingent if one or more of the following is true: (1) it is … See more "A and her heirs, then to B" B's estate is not a remainder since a remainder cannot follow an estate held in fee simple absolute. "A for life, … See more • Executory interest • Future interest • Rule in Shelley's Case • Doctrine of worthier title See more WebTypes of Vested Remainders 2. Remainders subject to open/ remainders vested subject to partial divestment • Remainder is created in a class of persons (such as A’s children) • One member of the class is ascertainable and no condition precedent • Later-born members of the class are entitled to share in the gift
Executory Interests vs. Contingent Remainders - JD Advising
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Contingent vs vested remainder Did Of create a contingent or …
WebAug 11, 2024 · Vested interest is explained under Section 19 of the Transfer of Property Act, 1882. This article discusses vested and contingent interests. Whenever a property … WebO has (b) a reversion. This is because A’s life estate is followed by a contingent remainder and an alternative contingent remainder. Since neither future interest is vested, and the possibility of forfeiture remains, the two contingent remainders together do not cover every possible future world. WebA contingent remainder is going to flow from the natural termination of the previous estate (as long as the condition is met). The condition is essentially a condition … rooms for rent hackettstown nj