Remainder Man


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.

  1. Trust

    A fiduciary relationship in which one party, known as a trustor, ...
  2. Principal

    1. The amount borrowed or the amount still owed on a loan, separate ...
  3. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
  4. Cash

    Legal tender or coins that can be used to exchange goods, debt ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis ...
  6. See-Through Trust

    A trust that is treated as the beneficiary of an individual retirement ...
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  1. Will 529A plans replace special needs trusts?

    529 ABLE plans, also known as 529A plans, are state-sponsored accounts authorized by Congress that allow people with disabilities ... Read Full Answer >>
  2. What is the expense ratio in the insurance industry?

    The expense ratio in the insurance industry is a measure of profitability calculated by dividing the expenses associated ... Read Full Answer >>
  3. Do beneficiaries of a trust pay taxes?

    Beneficiaries of a trust typically pay taxes on distributions they receive from the trust's income. However, they are not ... Read Full Answer >>
  4. Can I put my IRA in a trust?

    You cannot put your IRA in a trust while you are living. You can, however, name a trust as the beneficiary of your IRA and ... Read Full Answer >>
  5. How does the trust maker transfer funds into a revocable trust?

    Once a revocable trust is created, a trust maker transfers funds or property into the trust by including them in a list with ... Read Full Answer >>
  6. What is the difference between a revocable trust and a living trust?

    A revocable trust and living trust are separate terms that describe the same thing: a trust in which the terms can be changed ... Read Full Answer >>

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