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Letter R
estate planning

Remainderman

The person who holds the future interest in real property that becomes possessory when a preceding life estate ends.

Encyclopedia entry: Remainderman

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remainderman

A remainderman is a property law term that refers to a person who stands to inherit property at a future point in time upon the termination of a preceding estate—usually a life estate . A remainderman is a third person other than the estate’s creator, initial holder, or either’s heirs . For example, if Blackacre is granted “to Thelma for life, and then to Louise”—Thelma has a life estate and Louise is a remainderman. 

[Last reviewed in July of 2021 by the Wex Definitions Team
]

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Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.