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 ?
L is the life income beneficiary, and R is the remainderman.
Many of the operational costs of a CRT that are associated with using an institutional trustee may be reduced--perhaps significantly--if the grantor or the charitable remainderman serves as trustee.
If the annuity trust's actual income is greater than the amount required to be paid out to the non-charitable beneficiary in any given year, the excess income is reinvested in the trust and becomes part of the trust's corpus, eventually going to the charitable remainderman.
The doctrine of waste governs relations between the present tenant and remainderman in a life estate, providing for intergenerational equity.
The complex ownership structure was comprised of a ground lease with a remainderman interest, a building leasehold position within a tax-sheltered limited partnership, mortgages collateralized by both the fee and leasehold interests, and the ownership of air rights that needed to be severed from the building and remain with Himmel + Meringoff as the seller, allowing us to transfer the air rights to another site at an undetermined future point in time.
The charity, as tenant, trustee and remainderman, never parts with control of the building;
The plaintiff, as remainderman entitled to capital after the death of various life tenants, complained that the 1922 trust fund of 53,000 [pounds sterling] should have been worth either 1,800,000 [pounds sterling] or 1,360,000 [pounds sterling] (depending on the percentage of equities in the fund) in 1986 when she obtained the capital actually worth only 269,203 [pounds sterling].
With a GRIT the full value of the transfer, including the retained income interest, is subject to gift tax unless the remainderman is not a "member of the family" of the grantor (see below).
Similarly, the charitable remainderman qualifies for the estate tax charitable deduction.
In that case, the taxpayer contacted a charitable remainderman and, with its consent, orchestrated the termination of a nondeductible split-interest trust one year after the charitable deduction was denied.
When the income beneficiary and the remainderman are different individuals, a hidden gift tax trap awaits the Crum-mey power holder.
On the other hand, if the contingency is fairly certain, and, therefore, the likelihood of damage to the remainderman is high, courts are more inclined to aid him").