What is a remainderman? A beneficiary that receives the principal left in an estate or trust after a specified time. The beneficiary of the decedent’s life insurance policy. An executor or administrator after an estate has been completely settled. If a legacy is given to a group of people, the remainderman is the last of the individuals to die.
What is a remainderman? A beneficiary that receives the principal left in an estate or trust after a specified time. The beneficiary of the decedent’s life insurance policy. An executor or administrator after an estate has been completely settled. If a legacy is given to a group of people, the remainderman is the last of the individuals to die.
Chapter11: The Personal Representative
Section: Chapter Questions
Problem 1SYPS
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What is a remainderman?
- A beneficiary that receives the principal left in an estate or trust after a specified time.
- The beneficiary of the decedent’s life insurance policy.
- An executor or administrator after an estate has been completely settled.
- If a legacy is given to a group of people, the remainderman is the last of the individuals to die.
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