Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Residuary Estate

Read a random definition: fair wear and tear

A quick definition of Residuary Estate:

Residuary Estate: When someone dies and leaves their belongings to different people, the residuary estate is what's left over after the specific things have been given away.

A more thorough explanation:

When someone dies and leaves behind an estate, it means they have assets like property, money, and possessions. The residuary estate is what's left over after specific gifts have been given out to people named in the will.

For example, let's say someone's will states that they want to leave their house to their daughter, their car to their son, and $10,000 to their favorite charity. The residuary estate would be everything else that wasn't specifically mentioned, like any other property, money, or possessions.

Another example could be if someone's will only mentions specific gifts to a few people, and the rest of their estate is considered the residuary estate. This could include things like investments, bank accounts, and personal belongings.

Overall, the residuary estate is what's left over after all the specific gifts have been given out. It's important to have a clear understanding of what's included in the residuary estate when creating a will or dealing with someone's estate after they pass away.

Residuary bequest | Residue

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
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
LSD+ is ad-free, with DMs, discounts, case briefs & more.