Legal Question in Wills and Trusts in Florida

Trust documents

What does ''remainder beneficiary'' mean as I am appointed one in a Trust agreement


Asked on 3/09/07, 12:40 pm

2 Answers from Attorneys

Frank J. Pyle Probate Attorney Throughout Florida

Re: Trust documents

Without seeing the actual instrument, it usually means that you would be entitled to what is left after paying costs and expenses and deduction of specific gifts.

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Answered on 3/09/07, 5:53 pm
G. Joseph Holthaus III Law Offices of G. Joseph Holthaus

Re: Trust documents

The type of testamentary instrument is important to your inquiry. Without seeing the document and its language it is difficult to say what your interest is.

Generally a remainder is paid after specific bequests or gifts are paid. A trust may involve a life estate and this may terminate upon the death of the person being supported by the estate or a specific interest given in real property or other asset.

Contact me to discuss.

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Answered on 3/11/07, 12:45 am


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