WebMar 18, 2011 · destructibility -- Contingent remainders are destroyed: (1) if the precedent condition is not fulfilled; (2) at common law if the precedent condition is not fulfilled prior to the expiration of the preceding estate; and (3) at common law, by merger if the holder of the preceding estate acquires the reversion in fee. ... fee simple conditional ... WebNov 30, 2024 · A “remainder” is what’s left over from a life estate. For example: A conveys Blackacre to B for life, then to C. C has a remainder interest in Blackacre. This interest becomes “contingent” when an additional condition is imposed: A conveys Blackacre to B for life, then to C, should C graduate from law school.
contingent remainder Wex US Law LII / Legal …
WebA has a life estate X has a contingent remainder in fee simple subject to executory limitation A's children have a contingent remainder in fee simple subject to executory limitation. O conveys Blackacre to A so long as Blackacre contains a swimming pool open to the public, then to O for one year, then to B and his heirs, provided that B ... WebDec 22, 2024 · 1 Under the Doctrine of Merger a vested or possessory life estate merges into the next vested future interest in fee simple (whether a reversion or a vested … irc section 170 b
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WebC''s children will receive a fee simple title to the property when C dies, if C has children. A remainder can either be vested or contingent. A vested remainder is one where the grantee is an ascertainable person and the remainder is not subject to a condition precedent. In other words, the property will definitely be conveyed to the grantee ... WebWhat does contingent remainder mean? Information and translations of contingent remainder in the most comprehensive dictionary definitions resource on the web. Login . … WebMar 14, 2024 · The real estate term fee simple describes a landowner’s complete and total ownership of a piece of land and all properties on it. The fee simple owner may do anything they wish on the land, as long as it falls within established easements and zoning laws. This means you can add a bedroom to your home, build a second-story addition, create a ... order carvel online