That which remains of a testators estate after deducting all devises, bequests, and debts of the decedent.
The assets remaining in a decedent's estate after disbursements of bequests and payment of estate debts and expenses.
Property in a will that has not been specifically devised or bequeathed and the assets remaining in an estate of a deceased person after provision has been made for all debts, estate costs, devises, bequests, and legacies (the balance of the estate).
The remaining part of a decedent's estate after debts, expenses, and distributions have been made. Wills usually contain a clause on disposing of the residue of the estate that the decedent has not otherwise bequeathed.
The part of a decedent’s estate remaining after all debts, expenses, taxes and specific bequests and devises have been satisfied. Also termed residual estate, residue, residuary.
The remaining part of a deceased's estate, after debts, expenses and bequests have been paid. Wills usually contain a clause disposing of the residue of the estate that the deceased has not otherwise bequeathed.
The estate that remains after all specific bequests are made.
Also known as residue of the estate. Portion of the estate left after bequests of specific items of property are made. Often the largest portion.
means the remainder or residue of your estate after specific gifts, debts and testamentary and funeral expenses have been paid. This is usually the largest part of the willmaker's estate.
That property which remains after debts and expenses of administration, legacies, and devises have been satisfied.
The property that remains after all other gifts in the will have been satisfied. Those who take the residuary estate are known as residuary legatees (as to personal property) and residuary devises (as to real property).
what is left in an estate after all bequests have been made.
All the property contained in your probate estate except for property to pay your debts and property that has been bequeathed to particular persons. Thus your residuary estate includes the rest of your real estate and the rest of your personal property.
The remaining part of a deceased's estate after payment of debts and bequests.
That which remains after debts and expenses of administration have been satisfied. It consists of all that has not been legally disposed of by will, other than by residuary clause.
all the rest and residue; everything that has not been disposed of other than what remains in the residuary clause
The estate of a decedent remaining after the payment of all administration and funeral expenses, debts, charges, and legacies.
The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesnÃ¢â‚¬â„¢t name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.
A residuary estate, in the law of wills, is any portion of the testator's estate that is not specifically devised to someone in the will, or any property that is part of such a specific devise that fails. The will may identify the taker of the residuary estate through a residuary clause or residuary bequest. The person identified in such a clause is called the residuary taker, residuary beneficiary, or residuary legatee.