What is the legal definition of Remainder?

In the legal context, Remainder means (a) The rest; the portion remaining after a part has been taken away; the residue. (b) The portion of an estate or property which is to be distributed after other portions have been disposed of. (c) An estate to take effect and be enjoyed after another estate has been determined.

 

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Fitter Law covers legal issues throughout Illinois on various business transaction and litigation matters.