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horrorfan [7]
2 years ago
11

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate, as when a

n owner conveys a life estate to one party and the remainder to another, is called:
Social Studies
1 answer:
nexus9112 [7]2 years ago
5 0

Answer:

The answer is remainder interest.

Explanation:

In law, the remainder is the interest that is transmitted to a person after an estate is ended. This occurs when the estate is expired or after the previous owner's death.

Two remainder interests exist: the <u>vested</u> remainer, in which the interest is transmitted to a specific person without prior conditions; and <u>contingent</u>, in which the future holder has not been indentified.

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