In real estate law, an Estate in Remainder is a future interest in property that becomes possessory after the termination of a prior or intermediate estate, such as a life estate. The remainder interest is created at the same time as the intermediate estate and is granted to someone other than the original grantor.
The holder of the remainder interest, known as the remainderman, has no right to possession until the intermediate estate ends. Once that estate terminates, ownership automatically passes to the remainderman without the need for further action, making remainder estates an important tool in estate planning and property conveyance.
