Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the residuary estate?

Estate residuary
0
Posted

What is the residuary estate?

0 CommentsAdd a Comment

2 Answers

0
Profile photo of LindseyMyer LindseyMyer

A residuary estate, also known as residue of the estate is the portion of the estate left after bequests of specific items of property are made. Often the largest portion.

0 CommentsAdd a Comment
0

The residuary estate is what is left over after the decedent’s debts, probate expenses, and specific bequests have been satisfied. Normally a will provides for the residuary (left-over) estate to be divided among named individuals.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123