remainder
- A form of property ownership where a different party other than the original owner gets the property after a previous property right, such as a life estate, ends. The previous property right and the remainder are established at the same time and by the same legal document
- Refers to anything that is left after other parts have been taken away or used
- Upon the end of her life estate, the remainder of the property will be given to her children.
- After distributing the assets, the remainder of the property was sold and the profits were split evenly among the heirs.
- He gifted her a life estate, with the remainder to be passed on to a charity of her choice.
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