A residuum in estate planning can be used when a testator does not know what their estate will consist of when they die. Individuals who want to leave a portion of their estate to abeneficiaryin a will but may not know what that estate will consist of when they die use the concept of ...
A pour-over will helps ensure that your residuary estate and any assets you neglected to include in your living trust will be transferred to that trust automatically after your passing (literally poured over into the trust), so your estate can be distributed the way you want. Here’s ...
This checklist provides a solid foundation, but everyone’s situation is different. Talk to a financial professional if you need help navigatingtax paperworkfor your estate or a complex situation. They can help you create a comprehensive end-of-life plan based on your specific goals. Quick & Ea...
I would want these relatives to have a chance to claim these items before the executor duties result in liquidating everything into cash (which the executor refers to as the “Residuary Estate”). MY QUESTION: If my husband and I both die at the same time, how can I assure that my ...