Like the one-talent servant in the parable, Boffin--although now residuary legatee
of great wealth--is still according to his solicitor, Mortimer Lightwood, free of the responsibility of industrious labor:
His executors were William Banning, Thomas Banning and Charles Horsfall, all of Liverpool, and the residuary legatee was his godson, Thomas and Mary Banning's eldest son John Johnson Banning.
While William Banning was the residuary legatee, most of Mrs Paterson's keepsakes seem to have been given to her nephew Benjamin Banning who was 32 at the time of her death.
She was the ultimate residuary legatee
of John of Gaunt's Beaufort family, which had been legitimated by Act of Parliament.
There seems to be no question that the residuary legatee
The term "transfer" in the case of an estate includes a "sale, exchange or other disposition," but excludes the distribution by the estate to fund a specific or residuary legatee
One might conclude that the uncertain nature of the Turkish and Egyptian monarchies, which led to their eventual fall, must have given some satisfaction to the Saudis, who had suffered at their hands and now had become their residuary legatees
These were the resources on which he drew for all his other bequests, both for the residuary legatees and for other named beneficiaries, to whom he allocated specific quantities of plate totalling some 4600 ounces.
The residuary legatees were his two sons, Thomas and Robert, together with his three granddaughters, Elizabeth, Countess of Derby, and Bridget and Susan de Vere, the daughters of his late daughter Anne, whose loveless marriage to Edward de Vere, Earl of Oxford, had long been a cause of concern and perhaps some guilt to her father.
9) Pursuant to a will, the executor of the decedent's estate was authorized to make discretionary distributions of income to two beneficiaries of two trusts that were the residuary legatees
of the decedent's estate.
As a result, the residuary legatees
bore the tax cost of the debt cancellation.