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February 16, 2009

Remaindermen

Your Guide

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Definition

The party who will receive the remaining principal of a trust, when the principal beneficiary dies .

For example: A’s trust is designed to pass assets to S for life. After S’s death, the assets are passed to A’s children. The children are the remaindermen ( or remainder beneficiaries)

Referring Cite

§ 1.664-3(a)(6)(ii).

Additional Helpful Information

If a trust is named as a beneficiary of a retirement account, a list of all of the beneficiaries of the trust (including contingent and remaindermen beneficiaries with a description of the conditions on their entitlement sufficient to establish that the spouse is the sole beneficiary) is one of the documentation that must be provided to the plan administrator , trustee or IRA custodian – in order for the trust to be a qualified trust,

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

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