remainderman

(redirected from Remaindermen)
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Related to Remaindermen: Remainderman

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 ?
The Estate maintained that the only reasonable interpretation of James' will was that Sandra received only a life estate with James' three daughters as remaindermen.
1(b) provides that a conversion to a total return trust may be accomplished by agreement between the trustee and either (1) all primary beneficiaries (either individually or by their respective representatives under the virtual representation provisions of the new statute), or (2) all beneficiaries currently eligible to receive income or principal from the trust and all beneficiaries who are presumptive remaindermen of the trust, again applying the virtual representation provisions of the new law.
Efficiency seeking, Coasian bargaining is less likely to occur in these relationships, he theorizes, because life tenants and remaindermen are typically thrown together by the grants of others and thus locked into bilateral monopolies laden with high transaction costs.
Because charities are the remaindermen, the client receives an income tax reduction upon transferring assets to the trust.
The IRS has ruled in favor of such a description of the description of the charitable remaindermen in Letter Ruling 903702.
In many cases, they are often the presumptive remainder beneficiaries of the SNT after the beneficiary's death; thus, they might be tempted to "skimp" on disbursements for the beneficiary to help ensure that a larger fund is available after his or her death for distribution to the remaindermen.
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.
The other beneficiaries were Clint Allen, Richard Allen; Mangan and four other grandchildren, known as remaindermen.
However, whereas trust remaindermen had a substantial economic stake in challenging a trustee's allocative decisions, the same was not always true of future waqf beneficiaries.
Because the supplemental needs trust is irrevocable, the plaintiff cannot access its corpus, and state Medicaid agencies must recover the cost of all medical benefits the disabled beneficiary received from Medicaid before any funds can be distributed to remaindermen.
The Trust provides for two categories of "beneficiaries," the income beneficiary and the remaindermen, that is, those who will get the principal upon the death of Shylock.