Maryland Code, ESTATES AND TRUSTS 11-101
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Terms Used In Maryland Code, ESTATES AND TRUSTS 11-101
- Inter vivos: Transfer of property from one living person to another living person.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(a) Any contingent remainder arising under any will or inter vivos transfer shall be capable of taking effect, regardless of the determination of any preceding estate of freehold, in the same manner and in all respects as if the determination had not happened.
(b) It is not necessary to appoint trustees to support the contingent remainder in order to prevent the destruction of it.