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LSDefine

Simple English definitions for legal terms

Residue

Read a random definition: commendator

A quick definition of Residue:

Residue: The leftover things that are not specifically given to someone in a will or trust. It's like the last bit of food on your plate after you've eaten everything else. This leftover property is also called the residuary estate.

A more thorough explanation:

Residue refers to the remaining assets of an estate after all debts, taxes, and specific bequests have been paid. It is also known as the residuary estate.

For example, if a person's will states that their house goes to their sister, their car goes to their nephew, and $10,000 goes to a charity, the residue would be everything else that is left over after these specific bequests are fulfilled.

Another example would be if a person dies without a will, the residue of their estate would be distributed according to the laws of intestacy in their state.

The examples illustrate that the residue is what is left over after specific gifts or debts have been taken care of. It is important to have a clear understanding of what constitutes the residue in order to properly distribute an estate according to the wishes of the deceased or the laws of the state.

Residuary Estate | Resisting arrest

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General chat about the legal profession.
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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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