Vested Remainder Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Vested Remainder, written in plain English, along with examples of how it is used.
What is 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