Definitions for "Residuary" Add To Word List
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Consisting of residue; as, residuary matter; pertaining to the residue, or part remaining; as, the residuary advantage of an estate.
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entitled to the residue of an estate (after payment of debts and specific gifts); "the residuary part of the estate"; "the residuary beneficiary"
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The balance of the decedent's estate, subject to disposition under the will, after specific bequests have been distributed.
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The assets remaining in an estate after all specific transfers of property are made and all expenses are paid. When a pour-over will is used, the residuary is transferred to a trust.
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A gift of all the property of the testator not otherwise effectually disposed of by will.
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