vested remainder

Definition of "vested remainder"
  1. An unconditional future right to receive property, typically created through a deed or will
How to use "vested remainder" in a sentence
  1. The grandmothers' will ensured her granddaughter had a vested remainder in the family home.
  2. Upon the father's death, his youngest son discovered he had a vested remainder in the family business.
  3. Upon reviewing the estate plan, the attorney identified several instances of vested remainder.

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