What is a remainderman? Choose the correct.a. A beneficiary that receives the principal left in an estate or trust after a specified time.b. The beneficiary of the decedent’s life insurance policy.c. An executor or administrator after an estate has been completely settled.d. If a legacy is given to a group of people, the remainderman is the last of the individuals to die.
What is a remainderman? Choose the correct.a. A beneficiary that receives the principal left in an estate or trust after a specified time.b. The beneficiary of the decedent’s life insurance policy.c. An executor or administrator after an estate has been completely settled.d. 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? Choose the correct.
a. A beneficiary that receives the principal left in an estate or trust after a specified time.
b. The beneficiary of the decedent’s life insurance policy.
c. An executor or administrator after an estate has been completely settled.
d. If a legacy is given to a group of people, the remainderman is the last of the individuals to die.
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