executory remainder

Definition of "executory remainder"
  1. A future interest in property that will come into effect upon the completion of a certain condition
How to use "executory remainder" in a sentence
  1. In his will, the grandfather established an executory remainder for his granddaughter, contingent on her graduation from college.
  2. The estate planner included an executory remainder in his client's estate plan to ensure the client's wishes would be fulfilled.
  3. Her father's will stipulated an executory remainder, meaning she would receive the property if she met the specified condition.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z