Definitions for "Residuary Estate"
That which remains of a testators estate after deducting all devises, bequests, and debts of the decedent.
The assets remaining in a decedent's estate after disbursements of bequests and payment of estate debts and expenses.
Property in a will that has not been specifically devised or bequeathed and the assets remaining in an estate of a deceased person after provision has been made for all debts, estate costs, devises, bequests, and legacies (the balance of the estate).