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Remainderman

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.02 sec.
Remainderman
One who receives the principal of a trust when it is dissolved.
remainderman
A person or organization that is to receive the remaining interest in a property or estate after prior interests have been satisfied.
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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