Remainder - Law Dictionary Search Results
trust
which property is transferred to the trust as a source of support for a divorced spouse with a remainder to someone else bank account trust : totten trust in this entry business trust : a trust that
Shelley's case, Rule in
same assurance the inheritance of the same quality, i.e., either legal or equitable, is limited by way of remainder (with or without the interposition of any other estate) to his heirs or the heirs of his body,
Executory devise
be void; for wherever a future interest is so limited by devise as to operate as a contingent remainder, such an interest is not an executory devise, but a contingent remainder. Executory Devises have been divided into
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Tail
over to a third person on default of such descendants, when it vests in such third person or remainder-man. Before 1926, in order to create an estate-tail by deed, the word 'heir' or 'heirs' must be used,
Uses
1, gave him power to alien what he had; yet the feoffees may still enter to re-vest a remainder or contingent use, which was never published by any record or delivery, whereby the purchaser could know of
Base fee
heirs of the body of that donee to take, and upon that failure the persons next entitled in remainder became entitled to the remainder in tail or in fee simple, as the case might be. As where
Springing use
grant defeats a previous legal estate and is not capable of being construed as a vested or contingent remainder, it may operate as a shifting use. Springing and shifting uses were resorted to in order to facilitate
Strict settlement
the case of an ordinary settlement on marriage before 1926: To the use of the husband for life, remainder, subject to a jointure rent-charge to the wife and a term for raising portions for younger children, to
Tail after possibility of issue extinct, Tenant in
this estte is carved out of a special entail. There may be tenant-in-tail after possibility, etc., of a remainder as well as of a possession. And thus, if a lease for life be made, remainder to husband
interest
relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon the divesting of a prior interest or one created simultaneously NOTE:
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