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.

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However, the statement in Mesler about the trustee's duty to remaindermen has been repeated by another Florida court in NCNB National Bank of Florida v.

A trustee's duties and responsibilities under discretionary invasion provisions

The revenue ruling may allow an individual to fractionalize the ownership of a single residence, place the interests into two or more QPeRTS with different remaindermen, and use a minority interest discount in valuing the interests before applying the Sec.

Estate planning with a personal residence

These responsibilities relate to the interests of remaindermen and the future needs of the current beneficiary.

Drafting trusts that include broad invasion powers

The beneficiaries receiving the aforementioned tax benefits are normally the remaindermen, not the income beneficiaries.

Income tax planning for trust and estate distributions

Decisions involving the improvement or sale of the homestead often involve conflicting interests among the life tenant and the remaindermen. As difficult as these conflicts may be, federal estate and gift tax laws present an even more thorny dilemma with respect to homestead property when a sale of the homestead is contemplated by the surviving spouse and children.

Florida homestead: a difficult post-mortem estate tax planning property

The other category of beneficiaries are those who will receive the trust property itself, and these persons are referred to as remaindermen. A beneficiary may be both an income beneficiary and remainderman.

Choosing a living trust for estate planning

With the first provision, upon the death of the husband the class of possible remaindermen closes and there is no possibility of additional members being added to the class.

Making principal invasions under Florida law when an interested party is serving as trustee

At the end of the term, the grantor was to enter into lease agreement with the remaindermen (grantor's two sons), where the grantor would have the right to continue to reside in the cooperative apartment after the trust term ended.

Sophisticated estate planning using GRITS, GRATS, and GRUTS

With the arrival of the Prudent Investor Rule[1] and the development of the modern portfolio theory,[2] trustees now have great flexibility to invest aggressively and to improve the total return for both income beneficiaries and remaindermen.

Total return trusts: why didn't we think of that?

The tax burden is still on the same remaindermen (50% on the son and 50% on the grandchildren in Choate; 20% on the son and 80% on the four grandchildren in Nossiter).

The courts and IRS assist planners who have million dollar GST problems

(One can visualize thousands of remaindermen gasping their last breaths!)

Revocable inter vivos grantor trusts

In addition to the reduced valuation, the reversion provision avoids the possibility of having the residence includible in the grantor's gross estate and the loss of a potential marital deduction, by having the property pass to the remaindermen. If the grantor retains such a reversion, the trust also becomes a grantor trust with respect to principal for income tax purpose (assuming the value of the reversion is greater than 5%).