An interest in real estate property, which will go to a person or entity only upon the existence of a certain set of circumstances at the time the title-holder dies. It is a future property ownership right which depends upon the fulfillment of specific conditions.
A contingent remainder is a future interest in real estate that depends on the occurrence of a specific event or condition before it becomes possessory. Only if these conditions are met at the time of the title-holder's death will the property be transferred to the contingent remainderman. The following examples and case studies highlight how contingent remainders operate in various legal contexts:
These cases demonstrate the practical application and legal challenges associated with contingent remainders:
For more detailed information, see our related Wills Trusts And Estates terms: