A remainderman is __________.
A)a stockbroker who remained working on Wall Street after the 1987 crash
B)an employee of a trustee
C)one who receives interest and dividend income from a trust during their lifetime
D)one who receives the principal of a trust when it is dissolved
E)none of the above

Question

Quizplus · Accepted Answer

A remainderman is the person who receives the principal of a trust when it is dissolved. They are the ultimate beneficiaries of the trust and inherit what is left over after any specific gifts have been distributed and all debts and expenses have been paid. None of the other options describe a remainderman.

A Remainderman Is __________