Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Vested Remainder

(n) When a deed or trust is entered, the right to own and get benefited from that property can be limited for a particular period of time or happening of the events. If the trustier wishes so he can assign the right on the property, after such events, to be went to any other person. They are termed as vested remainder. For example if a trust is formed naming his mother as beneficiary ,and included that on death of his mother the property will go back to his wife, then wife is termed as vested remainder

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved