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residuary bequest |
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residuary bequest n. in a will, the gift of whatever is left (the residue) after specific gifts are given. It is also called a residuary legacy. (See: residue) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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However, the will required estate taxes to be charged against the residuary bequests without adjustment among the beneficiaries. 1 million charitable deduction--the amount of the residuary bequest to the two schools. Disclaimer of residuary bequest resulted in disclaimant's inheritance under intestacy law. |
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