Definition from Nolo’s Plain-English Law Dictionary
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm