Ownership and estates
Remainderman
The person who takes title when a life estate ends
Named in the instrument that created the life estate. The remainder interest exists from the moment the life estate is created — the remainderman already holds a future interest and can sell or mortgage it, even though possession is years away.
How the exam asks about it
Contrast with reversion: if the property returns to the grantor rather than passing to a third party, that is a reversion and there is no remainderman.
Related terms
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