remainderman


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remainderman

n. the person who will receive a remainder in real property. (See: remainder)

remainderman

the person entitled to receive a particular estate on its determination.
References in periodicals archive ?
48) Therefore, if a remainderman finds himself or herself in a Florida bankruptcy court, he or she has precedent to argue for the homestead creditor exemption.
You will recall that under the uniform basis rule that the tax law utilizes, the trust's basis in its assets is allocated between the income beneficiary and the remainderman according to their actuarial interests, which change each year as the life expectancy of the life income beneficiary declines.
For asset classes other than S Corps, if the remainderman is not a "member of the family" a GRIT is likely to be preferable to a GRAT or GRUT for the following reasons:
It was "universally recognized," the trust argued, "that the increase in value, ascertained by [sale], primarily belong[ed] to the capital of the trust estate as between life tenant and remainderman," unless the instrument otherwise provided.
remainderman would be subject to current taxation under the FPHC rules, even though the trustee could not make a distribution to the U.
If the income beneficiary and the remainderman are separate individuals, there are two potential donees for the annual exclusion.
The income beneficiary, the remainderman and at times the trustee are the same.
The trust instrument provided that the charitable remainderman must be an organization described in "sections 170(b)(1)(A), 170(c), 2055(a) and 2522(a).
6) If the grantor survives the term, title shifts to the remainderman without additional gift tax consequences.
Since the CRT is irrevocable, the charitable transfer is locked in when the trust is funded, although the charitable remainderman will not actually receive anything until the income interest expires.
The most aggressive IRS stance possible would be to view the remainderman, R, as having purchased the auto in full, then leasing it to the purchaser of the term interest, T, for the price paid for the present interest.
section] 2503(b); however, where the surviving spouse gifts the life estate to the remaindermen, a merger of the income and remainder interest for each remainderman occurs, and this combined interest qualifies for the annual exclusion.