Define: Vested Remainder

Vested Remainder
Vested Remainder
Quick Summary of Vested Remainder

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie’s will leaves her house to her daughter, but the daughter gains possession only after Julie’s husband dies, the daughter has a vested remainder in the house.

What is the dictionary definition of Vested Remainder?
Dictionary Definition of Vested Remainder
An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.
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This glossary post was last updated: 29th March 2024.

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