Definitions for "Remainder Beneficiary" Add To Word List
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The person who gets everything that is left in an estate or trust after all the gifts are given out.
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The person(s) entitled to the trust's principal, possibly including income that has been accumulated and added to principal, after the death of the income beneficiary(s).
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The person or persons who will receive assets of a trust after the interests of persons who are currently receiving income end.
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The person or entity entitled to receive what remains of the principal after a life interest (or other intervening interest) has terminated.
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The beneficiary of a trust who is entitled to the principal outright after the interest of the prior beneficiary has been terminated.
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(See also Current Beneficiary.) Remaindermen
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