RESIDUARY LEGATEE

He to whom the residuum of the estate is devised or bequeathed by will. … [Read more...] about RESIDUARY LEGATEE

That which is of the remainder of an estate after the payment of all the debts and other legacies. Madd. Ch. P. 284. … [Read more...] about RESIDUARY LEGACY

Referring to property that still remains in the estate of the deceased after all the fees and taxes have been made and the and specific bequests and distributions made. The residuary estate includes any gifts or bequests that fail or lapse. For example, if a car is left to John and the remainder of the estate to Jill, and John dies prior to the deceased without an alternate for … [Read more...] about RESIDUARY ESTATE

The person who takes all the property that remains in the estate after all debts are paid and gifts and bequests satisfied. … [Read more...] about RESIDUARY DEVISEE

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