Who is known as the remainderman in a life estate?

In the context of a life estate, the term "remainderman" refers to the person who is designated to receive ownership of the property after the life tenant passes away. The life tenant has the right to use and enjoy the property during their lifetime, but their interest in the property terminates upon their death. At that point, the rightholders, including the remainderman, take full ownership.

Understanding the life estate structure is essential to grasp the roles and rights associated with property ownership. The life tenant remains in control of the property and can make decisions about it while they are alive, but it is the remainderman who has a future interest and stands to inherit the property once the life tenant's rights end.

This definition clarifies why the correct answer focuses on the individual entitled to receive the property after the life tenant's death, as this is precisely what distinguishes the remainderman from other involved parties in a life estate arrangement.