Houts v. Jameson

1 Citing case

  1. In re Arney

    35 B.R. 668 (Bankr. N.D. Ill. 1983)   Cited 6 times
    Finding that spendthrift provision in will excluded debtor's interest from the bankruptcy estate

    Under Iowa law, a remainder is generally held to be vested where the beneficiary or recipient of such interest is a presently identifiable person. Houts v. Jameson, 201 N.W.2d 466, 470 (Iowa 1972); Katz Investment Co. v. Lynch, 242 Iowa 640, 47 N.W.2d 800, 806 (1951). A contingent remainder, on the other hand, is one which is limited to take effect "to a dubious or uncertain person or upon a dubious or uncertain event."