17:13
Anyone going to the UGA zoom thing on the 22nd?
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Simple English definitions for legal terms
residuary devisee
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A quick definition of residuary devisee:
Residuary Devisee: A person named in a will who gets whatever is left of the testator's property after all the other gifts have been given out. For example, if someone leaves their house to their sister and their car to their friend, the residuary devisee would get everything else that wasn't specifically mentioned in the will.
A more thorough explanation:
A residuary devisee is a person named in a will who receives the remaining property of the testator after all other devises have been distributed. A devisee is a recipient of property by will.
For example, if a testator leaves specific gifts to their children and grandchildren, and then designates their friend as the residuary devisee, the friend will receive any property that was not specifically gifted to the children and grandchildren.
Another example would be if a testator leaves their entire estate to their spouse, but if the spouse predeceases them, then the residuary devisee would receive the entire estate.
Overall, a residuary devisee is an important part of a will as they ensure that any remaining property is distributed according to the testator's wishes.