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Residuary
(redirected from Residuary estate)

    Also found in: Wikipedia 0.71 sec.

LEGACY, RESIDUARY. That which is of the remainder of an estate after the payment of all the debts and other legacies. Madd. Ch. P. 284.
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Example: A's will leaves certain assets to his surviving spouse, B, and his residuary estate equally to his two children, C and D.
Disclaimers and private foundations by Boffa, Alane L. / The Tax Adviser
But if she is subject to such a vow, then I give my residuary estate to the order.
The importance of a valid disclaimer: failure to execute a disclaimer ... by Laffie, Lesli S. / Journal of Accountancy
If the decedent wanted to provide for his sister if she left the order, the will could have stated: "In the event that my sister is no longer subject to a vow of poverty at my death, I give her my residuary estate, but if she is subject to such a vow, I give my residuary estate to the order.
Vow of poverty was not a disclaimer by Weireter, Paul J. / The Tax Adviser
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