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remainderman |
Also found in: Financial, Wikipedia | 0.01 sec. |
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remainderman n. the person who will receive a remainder in real property. (See: remainder) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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For instance, the inherent conflict of interest between current beneficiaries and remaindermen (inheritors whose estate vests after a prior estate terminates) is not eliminated by the addition of a trust protector, no matter how sagacious the chosen party. 257) A grantor of a future interest may not waste the property because the remaindermen have property interests in receiving the land in good shape. Under the new rules, the trustee may increase the income that is required to be distributed or may be distributed to reflect a fair allocation between the income beneficiary and the remaindermen of the trust. |
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