residuary bequest
In a will, the gift of whatever is left over after all specific and general gifts are given. For example, John gives his house and his stocks to his wife, and leaves everything else to his daughter — the gift of "everything else" is the residuary bequest.
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

residuary bequest
n.
   in a will, the gift of whatever is left (the residue) after specific gifts are given. It is also called a residuary legacy.
   See also: residue

Law dictionary. . 2013.

Look at other dictionaries:

  • residuary bequest — A bequest of all of testator s estate not otherwise effectually disposed of + residuary bequest A gift of all the remainder of the testator s personal estate, after payment of debts and legacies, etc …   Black's law dictionary

  • residuary bequest — Same as residuary gift …   Ballentine's law dictionary

  • residuary — re·sid·u·ary 1 /ri zi jə ˌwer ē/ adj: of, relating to, consisting of, or constituting a residue residuary 2 n pl ar·ies 1: residue 2 …   Law dictionary

  • bequest — be·quest /bi kwest/ n: an act of bequeathing; also: something bequeathed: legacy de·mon·stra·tive bequest /di män strə tiv /: a bequest of a particular amount of money or property to be distributed first from one source in the estate and then… …   Law dictionary

  • Residuary estate — A residuary estate, in the law of wills, is any portion of the testator s estate that is not specifically devised to someone in the will, or any property that is part of such a specific devise that fails. It is also known as a residual estate or… …   Wikipedia

  • bequest — /bakwest/ A gift (transfer) by will of personal property; a legacy. Disposition of realty in will is termed devise. See also charitable bequest demonstrative bequest devise general bequest legacy …   Black's law dictionary

  • bequest — /bakwest/ A gift (transfer) by will of personal property; a legacy. Disposition of realty in will is termed devise. See also charitable bequest demonstrative bequest devise general bequest legacy …   Black's law dictionary

  • residuary — adj. 1 of the residue of an estate (residuary bequest). 2 of or being a residuum; residual; still remaining …   Useful english dictionary

  • bequest, residuary — n. A bequest of all items remaining in an estate after specified legacies and debts are paid. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • residuary clause — A clause in a will which purports to dispose of that part of the estate which is left after other legacies and devises have been paid and all legal claims against the estate discharged. 57 Am J1st Wills § 1415. The term seems to contemplate the… …   Ballentine's law dictionary

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