Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

residuary clause

Read a random definition: Economics and Statistics Administration

A quick definition of residuary clause:

A residuary clause is a part of a will that says what should happen to any property that is left over after everything else has been given away. It's like the "leftovers" of the will.

A more thorough explanation:

A residuary clause is a part of a will that deals with any property that remains after all other gifts have been distributed. This clause ensures that nothing is left unaccounted for and that all assets are distributed according to the wishes of the deceased.

For example, a person may leave specific gifts to their children and grandchildren in their will. However, if there is any property left over after these gifts have been distributed, the residuary clause will determine who receives it. This could be a charity, a friend, or another family member.

Another example could be a person who leaves their entire estate to their spouse, but includes a residuary clause stating that if their spouse predeceases them, the remaining assets will be distributed equally among their children.

Overall, a residuary clause is an important part of a will that ensures all property is accounted for and distributed according to the wishes of the deceased.

residual | residuary devise

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.