Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Residuary Estate

Read a random definition: rebellion

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
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
LSD+ is ad-free, with DMs, discounts, case briefs & more.