RESIDUARY BEQUEST

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

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

Pertaining to the residue; constituting the residue; giving or bequeathing the residue; receiving or entitled to the residue. Riker v. Cornwell, 113 N. Y. 115, 20 N. E. 602; Kerr v. Dougherty, 79 N. Y. 359 ; Lamb v. Lamb, 60 Hun, 577. 14 N. Y. Supp. 206. Residuary account. In English practice. The account which every executor and admintrator, after paying the debts and … [Read more...] about RESIDUARY

Relating to the residue; relating to the part remaining. … [Read more...] about RESIDUAL

As applicable to personal residences or homes. … [Read more...] about RESIDENTIAL