Someone who will inherit property in the future. For instance, if someone dies and leaves his home “to Alma for life, and then to Barry,” Barry is a remainderman because he will inherit the home in the future, after Alma dies.
- A person entitled to receive a remainder interest in any property.
- A person entitled to the assets of a trust at the end of some specified period or after some event. For instance, a man's will might put his assets into a trust with the income to go to his wife until she dies (being a life interest), at which time the capital (remainder interest) goes to their children. The children are remaindermen.
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This glossary post was last updated: 29th March, 2024.
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