Remainderman: Inheritance, Life Estate, Future Interest, Remainder, Property Law, Ownership

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A remainderman is a person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. Usually this occurs due to the death or termination of the former owner's life estate, but this can also occur due to a specific notation in a trust passing ownership from one person to another. For example, if the owner of property makes a grant of that property "to John for life, and then to Jane," Jane is entitled to a future interest, called a remainder, and is termed a remainderman. Under the required minimum distribution rules for retirement accounts, the remaindermen beneficiaries must be included in the list of beneficiaries provided to the IRA custodian or plan trustee, for purposes of the trust meeting the requirements to be considered 'qualified'. The synonyms remainderer, remainderperson, and remainor are found in many legal dictionaries, but despite any political correctness, the terms Remainderwoman and Remainderperson are not used in practice: females in the position of a remainderman are also termed remaindermen.

Pagina's: 76, Paperback, Betascript Publishers