Remainderman
Posted on:3/30/2006
| A remainderman is person who inherits property upon the termination of the estate of the former owner. |
A remainderman is person who inherits property upon the termination of the estate of the former owner. Usually this occurs due to the death or termination of the former owner's Life Estate, but this can also occur due to a specific notation in a trust passing ownership from one person to another.
Despite any political correctness, there are no Remainderwomen or Remainderpersons, females in the position of a remainderman are also remaindermen.
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