Liquidating a remainder interest

simplifying personal finance

Authors

  • John C. Bost San Diego State University, San Diego 92182-8236, USA
  • Tony Cherin San Diego State University, San Diego 92182-8236, USA

DOI:

https://doi.org/10.1016/S1057-0810(00)00065-2

Keywords:

Remaindermen, Valuation, Liquidation, Remainder interests, Personal finance

Abstract

There are many ways in which decedents leave property in trust for their heirs. One technique is to grant a life estate to surviving children. The purpose of this paper is to describe verbally, and through example, an approach to liquidating a life estate. This simplification in personal finance involves a “buyout” of the interests of the remaindermen. The result is dissolution of the trust, leaving the income beneficiaries to manage, as owner in fee, the remaining assets as they wish, without the expense and complexity associated with maintaining a trust. © 2000 Elsevier Science Inc. All rights reserved.

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Published

2000-06-30

How to Cite

Bost, J. C., & Cherin, T. (2000). Liquidating a remainder interest: simplifying personal finance. Financial Services Review: The Journal of Individual Financial Management, 9(2), 183–195. https://doi.org/10.1016/S1057-0810(00)00065-2

Issue

Vol. 9 No. 2 (2000): Financial Services Review

Section

New Original Submission

License

Copyright (c) 2000 JAI Press Inc.

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