residuary

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residuary

adjective excess, excessive, left over, remaining, residual, resultant, spare, surplus
Associated concepts: residuary bequest, residuary clause, residuary devise, residuary estate, residuary fund, residuary interest, residuary legacy, residuary legatee
See also: alluvion, net, residual, superfluous

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.

References in periodicals archive ?
His will said all estate, inheritance, and other death taxes imposed by reason of death "would be paid, without apportionment, by his residuary estate," said Sharp.
She stipulates in her will that she would like 25% of her residuary estate to go to the local chapter of the American Lung Association.
7) Does the will make so many specific bequests of cash that the residuary estate doesn't have enough left to pay estate taxes?
But if she is subject to such a vow, then I give my residuary estate to the order.
A will should state whether the estate tax is to he apportioned among each bequest or paid from the residuary estate.
In In re Krooss,(19) the testator's will devised his residuary estate to his wife Eliese for life, then to his two children, John and Florence.
It examined the terms of the decedent's will, which mandated the payment of all debts, administration expenses, and estate taxes from either the residuary estate or the family trust (to be apportioned under the terms of the trust between the marital trust and the revocable trust).
In Estate of Williams, the third district held that when a decedent's will provides for estate taxes to be paid from the residuary estate and waives apportionment against other assets, but the residuary estate is insufficient to pay the taxes, the waiver of apportionment is ineffective with respect to the deficit.
The grantor's will contains a provision to the effect that the grantor's residuary estate, what is left after payments of debts, expenses, taxes and specific bequests, is to be "poured over" into the living trust.
In general, the allocation of the estate tax will be to either the beneficiaries of the charitable remainder trust or to the residuary estate.
T bequeaths his residuary estate in trust "for A for life,
The settlement agreement divided the residuary estate into two parts: marital and charitable.