Alabama Code > Title 35 > Chapter 4 > Article 8 – Remainders and Executory Devises
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Terms Used In Alabama Code > Title 35 > Chapter 4 > Article 8 - Remainders and Executory Devises
- Devise: To gift property by will.
- following: means next after. See Alabama Code 1-1-1
- Grantor: The person who establishes a trust and places property into it.
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- 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.
- Remainderman: One entitled to the remainder of an estate after a particular reserved right or interest, such as a life tenancy, has expired.