Asked by Jasmine Sarmientos on May 01, 2024
Verified
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.
Remainderman
A remainderman is the person or entity entitled to receive the remainder of an estate after the termination of the life estate or other interest ends.
- Pinpoint the advantages and characterizations of various retirement arrangements and investment tools.
Verified Answer
VL
vishnu lakshmananMay 07, 2024
Final Answer :
D
Explanation :
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.
Learning Objectives
- Pinpoint the advantages and characterizations of various retirement arrangements and investment tools.
Related questions
As You Get Older, You Decide to Reduce the Risk ...
Which One of the Following Statements About 401k Plans Is ...
A Retirement Plan That Offers a Tax Shelter Will Defer ...
Which of the Following Is Not an Employer-Sponsored Retirement Plan ...
Which Federal Law Increased the Responsibility of Pension Plan Trustees ...