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residuary bequest

   Also found in: Wikipedia 0.01 sec.

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)



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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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