remainder interest
Definition
A lingering interest in an estate or trust despite assets being distributed properly to all beneficiaries. A remainder interest may be created based on the future needs of an estate following the dissolution of a trust.
Use remainder interest in a sentence
“ You should try and figure out how much the remainder interest will be and get the most you can from it. ”
“ We had to write a few more clauses related to the remainder interest, but other than that the trust was as good as finalized. ”
“ The remainder interest that Cole had setup in conjunction with the running of his estate was of great comfort to his descendants. ”
