the absolute right to receive title after a presently existing interest in real
property terminates. A "vested remainder" is created by deed or by a decree of distribution
of an estate given by will. Example "Title to the Hard Luck Ranch to my son, Sean,
subject to a life estate to my brother, Douglas. " Sean has a "vested remainder"
which is an absolute right, Sean could sell to another person at this time, with
occupancy delayed until title would pass to him.
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