Remainderman


Definition of "Remainderman"

Wayne  Hemmerich
Wayne Hemmerich RE/MAX Realty One

The individual who receives an interest in a life estate after the original life tenant's interest expires. This normally occurs after the death of the life tenant. For example, Mrs. Smith received a life estate in her husband's home. Her son was chosen as the remainderman after her death to the life estate.

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