"Remainderman" Example Sentences
1. The remainderman of the estate was surprised to learn of his inheritance.
2. The deceased's will named his sister as the remainderman.
3. After the life estate had expired, the property passed to the remainderman.
4. The remainderman was entitled to the asset after the termination of the trust.
5. The remainderman of the trust received a large sum of money upon its termination.
6. The remainderman was notified of his interest in the property.
7. The remainderman had to wait until the death of the life tenant before taking possession of the property.
8. The remainderman had no control over the property during the life estate.
9. The remainderman could not sell his interest in the property until the life estate had expired.
10. The remainderman's interest in the property was subject to any conditions specified in the trust or will.
11. The remainderman was expected to maintain the property after taking possession of it.
12. The remainderman was responsible for paying any taxes or assessments on the property after the life estate had expired.
13. The remainderman had the right to transfer or sell his interest in the property.
14. The remainderman had to be identified at the time the trust or will was created.
15. The remainderman's interest in the property could be contingent on certain events.
16. The remainderman could be a person, or a corporation or other legal entity.
17. The remainderman could have a vested or contingent interest in the property.
18. The remainderman was often a family member or close friend of the deceased.
19. The remainderman could receive income from the property during the life estate.
20. The remainderman could be held liable for any liability or debt associated with the property.
21. The remainderman could challenge the validity of the will or trust in court.
22. The remainderman's interest in the property could be subject to the claims of creditors.
23. The remainderman was entitled to a share of any profits from the sale of the property.
24. The remainderman had the right to sue for any damages or injuries caused by the property.
25. The remainderman could be an individual who did not know the deceased personally.
26. The remainderman had to be specified in the trust or will, or else the property could pass to the heirs at law.
27. The remainderman could be a charity or other non-profit organization.
28. The remainderman had to wait until the life estate had expired before taking possession of the property.
29. The remainderman could be entitled to certain tax benefits associated with the property.
30. The remainderman's interest in the property could be conveyed to future generations.
Common Phases
1. The
remainderman is entitled to the remaining estate after all other bequests and distributions have been made;
2. As the
remainderman, he will inherit the property only after the life estate of the current occupant has ended;
3. The
remainderman must be notified of any changes in the trust or will that may affect their inheritance;
4. The
remainderman has the right to inspect the property during the life estate period, but cannot make any changes or alterations without permission;
5. The
remainderman can choose to sell their interest in the property if they do not wish to wait for the life estate to end.