A freehold estate stated in a will is called the remainder.

• A. Reversioner
• B. Heir
• C. Remainderman
• D. Life tenant

Answer: (C)

Remainder is a future interest that comes into possession after the termination of a prior freehold estate, typically a life estate. When a will creates a life estate and then specifies that, after the life tenant dies, the property goes to a named person, that person holds the remainder. That holder is the remainderman. The life tenant owns the property only for their lifetime, not beyond. If no specific person were named to take after the life estate ends, the property would revert to the grantor or the grantor’s heirs (a reversion), not to a named remainderman. An heir would be someone who inherits by intestacy or as designated by a will after death, not the future holder of a remainder. A life tenant is the person who currently possesses the property for life, not the future interest holder.