Definitions for "Residual Estate"
The portion of an estate that remains after all debts have been paid and specific bequests have been distributed.
The remainder of an estate once all debts, expenses, and specific legacies and bequests have been paid or made.
the part of an estate left over after all taxes, bequests, administrative costs, devises, and other expenses have been paid for.The entity or individual was listed as the person who is to receive part or all of the residual estate is someone who has "residual interest."