What is the term for a person who is entitled to inherit property after the termination of the current owner's estate?

The term "Remainderman" refers to a person who is designated to inherit property after the termination of the current owner's estate, typically at the end of a life estate. In estate law, a life estate is a property interest held by one person for the duration of their life, while the property ultimately reverts to the remainderman upon the life tenant's death. This legal arrangement allows the remainderman to benefit from the property once the life estate concludes, establishing a clear line of succession for ownership.

The other terms refer to different roles in property and estate contexts. A grantor is the individual who transfers or conveys property ownership to another party. A lessee is someone who holds a lease on a property, often as a tenant, but does not have ownership rights to inherit the property. A tenant, in a more general sense, is someone who rents or leases property from a landlord, but similarly does not have rights of inheritance pertaining to the property itself. Each of these roles serves distinct functions in real estate transactions and property law, contrasting with the specific right of inheritance held by a remainderman.