23. What is a remainderman? a. A beneficiary that receives the principal left in an estate or...

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23. What is a remainderman?

a. A beneficiary that receives the principal left in an estate or trust after a specified time.

b. The beneficiary of the decedent’s life insurance policy.

c. An executor or administrator after an estate has been completely settled.

d. If a legacy is given to a group of people, the remainderman is the last of the individuals to die.

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