remainderman


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remainderman

(rɪˈmeɪndəˌmæn)
n, pl -men
(Law) property law the person entitled to receive a particular estate on its determination. Compare reversioner
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To avoid this drawback, the practitioner advises A to establish two trusts for H, with a different child named as remainderman of each trust.
13) In addition to individuals, the proposed regulations clarify other types of beneficiaries that must receive Schedule A, including 1) life tenant, remainderman, and contingent interest beneficiaries who would receive property if the present interest beneficiary were to die immediately after the decedent; 2) estates and trusts, with the information given to the fiduciary as opposed to the underlying beneficiaries; and 3) business entities, with the information given to the entity as opposed to the business owners.
The greater coordination between shared owners can be found both in the regulation of property whose current ownership is divided among several individuals and in the regulation of property whose ownership is divided over time, such as the relationship between a lessor and a lessee or a life tenant and a remainderman.
1910) ("One could scarcely be a remainderman to his own life estate.
Their Lordships relied on Bouch v Sproule, (74) in which it was found that 'in the absence of a different intention evident in the trust instrument, the remainderman was entitled to bonus shares, not the life tenant.
24) The TP sold her life income interest to the remainderman of the trust.
Using the income and death benefit guarantees of the annuity allow for a steady and potentially increasing income stream during the term of the CRT and guarantees an amount for the charitable remainderman.
Augustine's doctrine that will, reason, and memory as the interlocking qualities of the mind of God and that they directly correspond to the three persons of the Trinity, leaves a remainderman of memory to the Holy Spirit.
No deed between spouses or former spouses or co-owners who singly or jointly hold an estate of homestead under sections one or 2A, nor any deed between a trustee and trust beneficiary or between a life tenant and remainderman shall be deemed to terminate said homestead unless each co-owner, spouse, former spouse or trust beneficiary entitled to the benefit of the homestead, has executed an express release thereof pursuant to clause (b).
Perhaps it is fair to say that courts and commentators expect a future interest holder--whether it is a reversioner or remainderman, a landlord or a mortgagee--to behave fairly when circumstances have changed dramatically either because of some external social, economic or environmental development or because of a potentially foreseeable but nevertheless fortuitous event.
and he had a right to call in the aid of the reversioner or remainderman, when the inheritance was demanded.
One potential solution is to take advantage of time-discounted estate planning techniques, which can ultimately mature with the ILIT as the remainderman.