remainderman

Example:The remainderman interest will activate after the death of the current beneficiaries.

Definition:A beneficial interest in the remaining part of the property after all other interests have been satisfied.

Example:The remainderman clause in the will has been carefully drafted to protect the interests of the remainderman.

Definition:A clause in a trust document that specifies the rights and obligations of the remainderman regarding the trust property.

Example:The remainderman distribution will take place after the death of the last of the original beneficiaries.

Definition:The process of distributing the remaining property to the remainderman after all other distributions have been made.