Residuary bequest

Residuary bequest – in terms of Inheritance Law, the residuary bequest refers to these assets, available once the tax debts are cleared and all other claims related to the inheritance pot, have been settled. The foundation of the term is the word “residue”, which refers to something left over, once something has been taken away. Somewhere referred to “residual estate” – a part of the inheritance that has not been a subject of a will or these assets that are left after debts are cleared and the specific bequests have been gifted.

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