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Jan 18, 2024 · A remainderman, therefore, refers to the person or entity who inherits or receives a property or asset after the original owner’s interest expires or ends. This concept is commonly found in trusts, wills, and other estate planning instruments.
The meaning of REMAINDERMAN is one who has received or is to or may receive a remainder.
A remainderman is a property law term that refers to a person who stands to inherit property at a future point in time upon the termination of a preceding estate—usually a life estate. A remainderman is a third person other than the estate’s creator, initial holder, or either’s heirs .
Mar 15, 2024 · A remainderman is someone designated to receive ownership of a property after the termination of a life estate. A life estate, on the other hand, is an arrangement wherein a person holds property ownership for their lifetime, with ownership passing to the remainderman upon their demise.
A remainder is a future interest in real estate that is transferred to the transferee or remainderman under property law. The remainderman has the ability to possess the property at the natural end of a previous property formed by the same instrument.
remainderman. n. the person who will receive a remainder in real property. (See: remainder)
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Mar 28, 2023 · A remainderman is a person left with an estate or property after paying legacies and debts. In real estate, it is someone who inherits property after the death of the owner but before the sale of the property. The remainderman usually gets whatever remains after everyone else receives their payment. In most cases, the remainderman is the last ...
