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 ?
At the end of the fixed term, if the grantor is still alive, he or she usually leases the personal residence from the remaindermen at fair market value (FMV) (see Regs.
Without regard to waste" is defined as entitling the life tenant "to the receipt of all income, including bonuses and royalties, from such land to the exclusion of the remaindermen.
Thus, the widow acquires a life estate and functions as a life tenant with the children becoming the remaindermen.
To ensure correct tiding of the client's assets, the tide should be transferred into the name of the remaindermen, whether that is a trust or individuals.
For example, the power to allocate receipts and disbursements between income and principal can affect the amounts distributed to income beneficiaries and remaindermen.
115) Although the trust is revocable, the settlor is the only person who can mount any challenges to it; the remaindermen must wait until the settlor's death before their interests vest and they have standing to bring a contest.
The majority ultimately found that the testator did not give his wife a fee simple absolute in his personal and real property, but rather a life estate, with his three daughters as remaindermen.
6bl) Payments are not deductible alimony taxable to a recipient spouse where a policy is assigned to a trust that confers only a lifetime interest and the children are remaindermen.
The remaindermen incessantly harassed her to release her interest.
Allen, Rights of Life Tenant and Remaindermen Inter Se Respecting Increase, Gains, and Enhanced Values of the Estate, 76 A.
19) In this case, a New York court, pointing in part to the exclusive prerogative of several contingent remaindermen to exercise "acts of dominion or ownership," enjoined a life tenant from demolishing a palatial residence on Manhattan's Upper East Side and erecting in its place an apartment building that promised to increase the market value of the land and inheritance.