What is a remainderman? a. A beneficiary that receives the principal left in an estate or trust
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What is a remainderman?
a. A beneficiary that receives the principal left in an estate or trust after a specified time.
b. The beneficiary of the decedent’s life insurance policy.
c. An executor or administrator after an estate has been completely settled.
d. If a legacy is given to a group of people, the remainderman is the last of the individuals to die.
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The correct answer is d If a legacy is given to a group of people the remainderman is the last of th...View the full answer
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Related Book For 
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
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