A remainderman is
A) a stockbroker who remained working on Wall Street after the 1987 crash.
B) an employee of a trustee.
C) one who receives interest and dividend income from a trust during their lifetime.
D) one who receives the principal of a trust when it is dissolved.

Question

Quizplus · Accepted Answer

A remainderman is the person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. In the context of a trust, this is the individual who receives the principal of the trust after the death of the income beneficiaries or after the trust terms are otherwise satisfied.

A Remainderman Is