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Simple English definitions for legal terms

Residuary bequest

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A quick definition of Residuary bequest:

A residuary bequest is what's left of someone's money and things after they've given away some of it and paid off any debts they owed. The person who gets the residuary bequest is called the residuary beneficiary. For example, if someone left their house to their friend and some money to their family, whatever was left over would be the residuary bequest and would go to whoever they named as the residuary beneficiary.

A more thorough explanation:

A residuary bequest is the part of a person's estate that remains after all debts, taxes, and specific bequests have been paid. The person who receives the residuary bequest is called the residuary beneficiary.

For example, if a person's will states that they want to leave $10,000 to their sister and $5,000 to their best friend, those are specific bequests. If the person's estate is worth $50,000, and the debts and taxes add up to $20,000, then the residuary bequest would be $25,000. The person's will would state who should receive that $25,000.

In the case of Jureski v. Scaduto, a Florida court had to decide between conflicting provisions in a person's will. One provision stated that any property owned at the time of the person's death should go to two individuals. Another provision stated that five individuals should receive the residuary bequest. The court ruled that the residuary bequest controlled, meaning that the five individuals would receive the remaining assets of the estate after all debts and specific bequests had been paid.

Residuary beneficiary | Residuary Estate

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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