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expenses and any duties, taxes and fees payable on my estate and on the transfer of my assets to any beneficiary (including in respect of giving effect to a specific gift to a beneficiary, whether by gift or direction, where that gift is expressed as a percentage of my residuary estate)...
The meaning of RESIDUARY is of, relating to, or constituting a residue. How to use residuary in a sentence.
RESIDUE. That which remains of something after taking away a part of it; as, the residue of an estate, which is what has not been particularly devised by will. 2. A will bequeathing the general residue of personal property, passes to the residuary legatee everything not otherwise effectuall...
Examples of Ademption Legal Terms Similar to Ademption Lapse Residuary estate Escheat
John's will stated that his house and car should go to his sister, his bank account should go to his son, and the remaining part of his estate should go to his nephew as the residuary beneficiary. In a trust created by a wealthy businessman, he named his wife as the beneficiary of...
Noun1.personal estate- movable property (as distinguished from real estate) personal property,personalty,private property belongings,property,holding- something owned; any tangible or intangible possession that is owned by someone; "that hat is my property"; "he is a man of property"; ...
Related to The Estates:second estate,Three Estates ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun the States- North American republic containing 50 states - 48 conterminous states in North America plus Alaska in northwest North America and the Hawaiian Islands in the Pacific ...
3. Legacies are of different kinds; they may be considered as general, specific, and residuary. 1. A legacy is general, when it is so given as not to amount to a bequest of a specific part of a testator's personal estate; as of a sum of money generally, or out of the testator'...
in the testator’s estate when the testator dies the court may restore back the property or its value by auctioning off testator’s residuary estate. If, for example, the will bequeathed the testator’s car to a specific person, but the testator owned no car at the time of his death,...