Remainderman definition

Remainderman means the person ultimately entitled to the principal, whether named or designated by the terms of the transaction by which the principal was established or determined by operation of law.
Remainderman means a beneficiary entitled to principal, including income which has been accumulated and added to the principal.
Remainderman means 99 Remainder I LLC, a Delaware limited liability company, which owns a remainder interest in the parcels of real estate described by address, Lessor Number and Unit Number in Exhibit A attached hereto and legally described in Exhibit A-1 attached hereto and all rights, privileges and appurtenances associated therewith, together with its successors and assigns.

Examples of Remainderman in a sentence

  • Remainderman - Owner of the right to possess the property of a life estate after the death of the life tenant.

  • Remainderman Interest – The portion of the property owned by the Remainderman.

  • Remainderman will not be required to execute the grant agreement provided there is an occupant with life estate.

  • The Trustee shall consider the interests of a Remainderman to be subordinate to those of the Designated Beneficiary during his lifetime.

  • No Remainderman shall have a present interest in the Trust Account until the death of the Designated Beneficiary.


More Definitions of Remainderman

Remainderman means CS Remainder I, LLC, a Delaware limited liability company, which owns a remainder interest in the Properties, together with its successors and assigns.
Remainderman means the person entitled to principal,
Remainderman means a beneficiary entitled to principal,
Remainderman means a beneficiary entitled to
Remainderman means an individual who is given a remainder interest in a property which he or she will inherit upon the death of the life estate holder.
Remainderman means the person entitled to principal, including income
Remainderman shall have the meaning set forth in Section 15.