Residuary Bequest

Residuary Bequest - A Residuary Bequest is a provision in a will or trust that designates the distribution of the remainder of an estate after all specific, general, and demonstrative bequests have been fulfilled. This type of bequest ensures that any leftover assets are passed to the named beneficiary or beneficiaries.

Class Information

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Identification

Label (rdfs)
Residuary Bequest
Preferred Label
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Alternative Labels
Remainder Bequest, Residual Bequest, Residual Testamentary Gift
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Definition and Examples

Definition
A Residuary Bequest is a provision in a will or trust that designates the distribution of the remainder of an estate after all specific, general, and demonstrative bequests have been fulfilled. This type of bequest ensures that any leftover assets are passed to the named beneficiary or beneficiaries.
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Additional Information

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Deprecated
False

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