The part of a decedent’s estate remaining after payment of all debts, expenses, statutory claims, taxes, and testamentary gifts (special, general, and demonstrative) have been made. — Also termed residual estate; residue; residuary; residuum. [Cases: Wills 586. C.J.S. Wills §§ 1176–1179, 1184.]
The value of an asset after it has become useless to the owner; the amount expected to be obtained when a fixed asset is disposed of at the end of its useful life. • Salvage value is used, under some depreciation methods, to determine the allowable tax deduction for depreciation. And under the UCC, when
lapse of legacy or devise 遗赠失效 指在遗嘱中有效订立的遗赠，因在立遗嘱人死亡前发生某一事件而使之归于无效。其结果是导致动产遗赠〔legacy〕或不动产遗赠〔devise〕的标的物返回而落入立遗嘱人的遗产范围。在美国，失效遗赠的财产将落入剩余遗产〔residual estate〕之中，除非在该法域内存在「反遗赠失傚法」〔anti-lapse statute〕。导致遗嘱失效的事件依当时情形而有所不同，其中最为常见的事实是受遗赠人〔legatee；devisee〕先于立遗嘱人死亡。 (→anti-lapse statute)
lapse of legacy or devise Read More »
pour-over trust 财产「倾倒」信托 一种生前信托〔inter vivos trust〕，其在遗嘱人死亡时依遗嘱接受遗产，通常是剩余遗产〔residual estate〕。 (→pour-over clause)