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LSDefine

Simple English definitions for legal terms

Residue

Read a random definition: reasonably suspect

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

General chat about the legal profession.
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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
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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