contingent remainders

listen to the pronunciation of contingent remainders
Английский Язык - Английский Язык
plural form of contingent remainder
contingent remainder
An interest in property that is owned by a party that can not be identified until the interest vests

Example: Joe leaves property to Mike for life, and then to Mike's oldest surviving child; since it is not known who will be Mike's oldest surviving child at the time of Mike's death, ownership of the property is a contingent remainder.

contingent remainders
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