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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References in periodicals archive ?
When the income beneficiary and the remainderman are different individuals, a hidden gift tax trap awaits the Crum-mey power holder.
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.
44) Upon the death of the life tenant, the life estate ends and the remainderman (person with the remainder interest) becomes the owner by operation of law.
24) The TP sold her life income interest to the remainderman of the trust.
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).
The doctrine of waste governs relations between the present tenant and remainderman in a life estate, providing for intergenerational equity.
The complex ownership structure was comprised of a ground lease with a remainderman interest, a building leasehold position within a tax-sheltered limited partnership, mortgages collateralized by both the fee and leasehold interests, and the ownership of air rights that needed to be severed from the building and remain with Himmel + Meringoff as the seller, allowing us to transfer the air rights to another site at an undetermined future point in time.
The charity, as tenant, trustee and remainderman, never parts with control of the building;
The plaintiff, as remainderman entitled to capital after the death of various life tenants, complained that the 1922 trust fund of 53,000 [pounds sterling] should have been worth either 1,800,000 [pounds sterling] or 1,360,000 [pounds sterling] (depending on the percentage of equities in the fund) in 1986 when she obtained the capital actually worth only 269,203 [pounds sterling].
With a GRIT the full value of the transfer, including the retained income interest, is subject to gift tax unless the remainderman is not a "member of the family" of the grantor (see below).
Similarly, the charitable remainderman qualifies for the estate tax charitable deduction.