Definitions for "Remainder interest"
the right to receive the remaining property when a trust terminates.
An interest that a third person has in a property after the death of a life tenant.
(also reserved life estate) A landowner may transfer a property to a land trust, but keep the right to live on the land until his or her death. This means that the landowner still has the primary claim to the land and the trust holds the remainder. Full ownership is not transferred to the trust until after the donor's death.