FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R2Ocimo6ph9ym7bvUywOEb
Label Residuary Bequest
Preferred Label N/A
Identifier N/A
Alternative Labels
Remainder Bequest Residual Bequest Residual Testamentary Gift

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.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

None

Editorial Note

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Deprecated

No

Source and Origin

No source or origin information available