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.

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We had to write a few more clauses related to the remainder interest, but other than that the trust was as good as finalized.

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The remainder interest that Cole had setup in conjunction with the running of his estate was of great comfort to his descendants.

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remainder charitable remainder trust