Remainderman: The person who inherits property when someone passes away, and has executed a "life estate deed." For example, John owns a house. He deeds it to himself for life, and then to Jane upon his death. Jane is the remainderman.
Remainderman (n) Remainder man is the person who is eligible to get the interest in a property or right after the conclusion of the existing terms.
remainderman n. the person who will receive a remainder in real property.
remainderman Someone who will inherit property in the future. For instance, if someone dies and leaves his home "to Alma for life, and then to Barry," Barry is a remainderman because he will inherit the home in the future, after Alma dies.
property law a vested remainder is a future interest held by an identifiable person (the remainderman), which, upon the happening of a certain event, will become the remainderman's.
Rule in Shelley's Case definition: A mostly abolished rule in estate law to the effect that if a life estate was created but the remainderman was the heirs of that person, the life estate collapsed and the entire estate vested in that person.
See also: Property, Remainder, Person, Law, Will
 
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