residuary estate

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.]

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词条贡献者

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