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Referring to a person who receives property via a will or trust that isn't left to any other specified beneficiary, for example, a father leaves his son a house and the remainder of his property tot he residuary beneficiary, his daughter. … [Read more...] about RESIDUARY BENEFICIARY

In Spanish colonial law. An opinion rormed by some superior authority on matters referred to its decision, and forwarded to inferior authorities for their lastruction and. government Schm. Civil Law, 93, note L. … [Read more...] about RESOLUCION

A gift or bequest that is made that consists of all the remaining items in an estate after all other requirements are fulfilled and debts paid. With regard to a will, a gift made of whatever property is left after all of the general and specific gifts have been distributed. A catch-all of the remaining property. … [Read more...] about RESIDUARY BEQUEST

(A) A solemn judgment or decision of a court. This word is frequently used in this sense, in Coke and some of the more ancient reporters. It also signifies an agreement to a law or other thing adopted by a legislature or popular assembly. Vide Dict. de Jurisp. h. t. (B) Civil law. The act by which a contract which existed and was good, is rendered null. 2. Resolution differs … [Read more...] about RESOLUTION

That part of an estate which remains after all debts are paid and gifts have been given. … [Read more...] about RESIDUARY DEVISE