DEFINITION of 'Remainder Man'

The person who receives the principal remaining in a trust account after all other required payments have been made, such as those to the beneficiary and expenses.

BREAKING DOWN 'Remainder Man'

The remainder man may exercise the right to hold and use the property in the trust only after the trust has been completely dissolved.

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RELATED FAQS
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    Setting up a trust to secure your assets for a beneficiary allows you to set the terms under which the beneficiaries are ... Read Answer >>
  2. Do beneficiaries of a trust pay taxes?

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  3. How are trust fund earnings taxed?

    Trust fund earnings that are distributed are paid by the beneficiary. The trust pays taxes on retained earnings and principal ... Read Answer >>
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