Vested and Contingent Remainders
Explore the general rules that apply to all remainders, as well as the rules specific to vested and contingent remainders.
Welcome to our clip on vested and contingent remainders!
The clip is broken up into two basic parts: First, we’ll go over some general rules that apply to remainders in every situation. Next, we’ll discuss vested remainders and contingent remainders in some depth, using examples to illustrate them.
I. General Rules for Remainders
Let’s get started with some general rules that apply to remainders in every situation. One very important point to note is that remainders and reversions can...