Definition from Nolo’s Plain-English Law Dictionary
Someone who will inherit property in the future -- usually as a result of the end of a life estate. For instance, if someone dies and leaves his home "to Alma for life, and then to Barry," Barry is a remainderman because he will inherit the home in the future, after Alma dies.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm