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The synonyms remainderer, remainderperson, and remainor may be found in legal dictionaries, but are rarely used in practice. A female person in the position of a remainderman is also termed a remainderman. For instance, in a will chattels are left to one person, who can then offer it to a second person, who can then offer it to a third person ...
The right to ownership of the property after the death of the life estate owner is called the remainder estate. In England and Wales fee simple is the only freehold estate that remains; a life estate can only be created in equity and is not a right in property.
An indefeasibly vested remainder is certain to become possessory in the future, and cannot be divested. [4]For example A conveys to "B for life, then to C and C 's heirs." C has an indefeasibly vested remainder, certain to become possessory upon termination of B 's life estate (when B dies).
The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
Dazzling in the ups, terrifying and depressing in the downs. The burning devotion of the small-unit brotherhood, the adrenaline rush of danger, the nagging fear and loneliness, the pride of service. The thrill of raw power, the brutal ecstasy of life on the edge. “It was,” said Nick, “the worst, best experience of my life.”
“My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term,” Biden posted on the social platform X.
“Building a forever portfolio is challenging because life isn’t static — family needs, career changes, and financial goals can shift,” says Goodman. “A genuine buy-and-hold strategy can ...
A life estate pur autre vie can be created when a contingent remainder is destroyed, in a Doctrine of Merger situation, where one person acquires the life estate of another and thereby destroys a remainder not already vested. [4]