A person entitled to the assets of a trust at the end of some specified period or after some event. For instance a man's will might put his assets into a trust with the income to go to his wife until she dies (being a life interest), at which time the capital (remainder interest) goes to their children. The children are remaindermen
A person entitled to the assets of a trust at the end of some specified period or after some event. For instance a mans will might put his assets into a trust with the income to go to his wife until she dies (being a life interest), at which time the capital (remainder interest) goes to their children. The children are remaindermen
a person or institution who will receive the remainder of an estate (that which is left over), after the income beneficiaries have died, and the trust ends
The one entitled to an interest in property after the termination of a life estate For example, a surviving spouse may have the use of real estate until her death, at which time the remainder interest passes to her child (the remainderman) See also life tenant