n. the absolute right to receive title after a presently existing interest in real property terminates. A "vested remainder" is created by deed or by a decree of distribution of an estate given by will. Example: "Title to the Hard Luck Ranch to my son, Sean, subject to a life estate to my brother, Douglas." Sean has a "vested remainder" which is an...
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http://dictionary.law.com/Default.xhtml?selected=2221
(n) When a deed or trust is entered, the right to own and get benefited from that property can be limited for a particular period of time or happening of the events. If the trustier wishes so he can assign the right on the property, after such events, to be went to any other person. They are termed as vested remainder. For example if a trust is for...
Found on
http://www.encyclo.co.uk/local/21213
An unconditional right to receive property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie leaves her house in a life estate to her husband and then to her daughter when her husband dies, the daughter has a vested remainder in the house.
Found on
http://www.nolo.com/dictionary/vested-remainder-term.html
No exact match found.
