Remainder-man

A remainder-man is a term in property law referring to a person who holds a future interest in property that will be transferred to them upon the termination of a prior interest, such as after the death of a life tenant. The remainder-man has no immediate rights to the property until the previous interest ends.

Remainder-man meaning with examples

• In the case of the estate left by the late Mr. Johnson, the remainder-man is his only son, who will inherit the family home once the life tenancy held by his mother expires.
• During the estate planning meeting, the lawyer explained that the remainder-man will assume ownership of the vacation property once the life tenant, an elderly uncle, passes away.
• In legal proceedings concerning the estate, the rights of the remainder-man were discussed, particularly in relation to the responsibilities of the current life tenant who occupies the property.
• The concept of a remainder-man is crucial in understanding how property interests overlap, especially when a life estate is established in favor of one party with a remainder-man designated to inherit later.
• As a remainder-man to the trust fund, she was aware that her inheritance would remain inaccessible until her grandfather, the life tenant, was no longer living.