The terms income beneficiary and remainderman may be used interchangeably.

Name: The terms income beneficiary and remainderman may be used interchangeably.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

Income beneficiary and remainderman refer to two distinct roles in trust management; the income beneficiary is entitled to receive income generated by the trust for a specified period, while the remainderman is entitled to receive the remaining trust assets after the income beneficiary's interest ends.

The Terms income Beneficiary and Remainderman May Be Used Interchangeably