Residuary bequest
Term · Law · MLC-T-LAW-004272
A gift of the remaining portion of an estate after all specific bequests, debts, taxes, and administrative expenses have been paid. This type of bequest disposes of any assets not otherwise distributed by the will. The recipient of a residuary bequest is known as the residuary legatee.
| Identifier | MLC-T-LAW-004272 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004272",
"term": "Residuary bequest",
"field": "Law",
"definition": "A gift of the remaining portion of an estate after all specific bequests, debts, taxes, and administrative expenses have been paid. This type of bequest disposes of any assets not otherwise distributed by the will. The recipient of a residuary bequest is known as the residuary legatee.",
"url": "https://mlchart.com/terminology/law/residuary-bequest/"
}
Record 4,332 of 5,441 in Law terminology (MLC-0107). Request the full dataset.