Residuary Estate: Example and How to Distribute - NerdWallet A residuary estate is the portion of a person’s assets that are left over after paying off their estate’s debts, taxes and expenses and after distributing any specific gifts of property or money
What Is “Residuary Estate” in a Will? - FindLaw A residuary estate includes all assets that remain in a probate estate after all specific gifts are distributed to named beneficiaries Learn more from FindLaw
Understanding the Residuary Estate Clause - Policygenius The residuary estate is an estate planning term that refers to any assets that are leftover when someone dies, after estate expenses (like debts, taxes, and probate fees) have been paid and specific bequests have been distributed
Residuary estate - Wikipedia 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 [1] It is also known as a residual estate or simply residue