MLchartDataset catalogue

Residue

Term · Law · MLC-T-LAW-004274

The remaining portion of an estate after all specific gifts, debts, taxes, and administrative costs have been settled. This encompasses any assets not explicitly distributed through specific bequests in a will. The residue is then passed to the designated residuary beneficiaries or, in the absence of a will, according to intestacy laws.

Table 1. Record
IdentifierMLC-T-LAW-004274
FieldLaw
See alsoResiduary estate
Record as JSON 
{
  "id": "MLC-T-LAW-004274",
  "term": "Residue",
  "field": "Law",
  "definition": "The remaining portion of an estate after all specific gifts, debts, taxes, and administrative costs have been settled. This encompasses any assets not explicitly distributed through specific bequests in a will. The residue is then passed to the designated residuary beneficiaries or, in the absence of a will, according to intestacy laws.",
  "see_also": [
    "residuary estate"
  ],
  "url": "https://mlchart.com/terminology/law/residue/"
}

Record 4,332 of 5,439 in Law terminology (MLC-0107). Request the full dataset.