Asked by Jasmine Sarmientos on May 01, 2024

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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.
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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.