Asked by Michelle McDade on Jun 17, 2024

verifed

Verified

A remainderman is a third party with the right to the remainder of the fee simple after the death of life tenant.

Remainderman

In the context of property law, the person entitled to receive the estate once the prior estate interest, such as a life estate, has ended.

Fee Simple

The highest level of land ownership, providing the owner with absolute ownership of the property and the freedom to dispose of the property as they choose.

Life Tenant

A life tenant is an individual who has the right to use and benefit from a property during their lifetime, but does not own the property outright.

  • Acquire knowledge on the legal framework surrounding life estates, remainders, and reversionary interests.
verifed

Verified Answer

JN
Janet NarvaezJun 20, 2024
Final Answer :
True
Explanation :
A remainderman is indeed the person who inherits or is entitled to inherit property upon the termination of the life estate of the life tenant.