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Remainder Man
(redirected from Remainderperson)

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Remainder Man
The person or organization that receives what remains of a trust at its dissolution. That is, once all obligations to the beneficiary have been satisfied and all expenses have been paid, the remainder man receives the rest of the assets in the trust. The remainder man only receives these assets at the end of the trust's life; it may or may not be the same person as the trustor.


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These remainderpersons had during the settlor's lifetime precisely that bare expectancy that characterizes the interest of a devisee under the will of a living testator.
In the ruling, the IRS stated, "[u]nder this provision, a grantor will not make an additional gift to a remainderperson in situations in which a grantor is treated as the owner of a trust under [Sec.
The primary disadvantage of using a QPRT is that the trust's remainderpersons do not get a step-up in basis for the home when the term interest holders (e.
 
 
 
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