residuary bequest

The remainder of the testator’s estate after the payment of testamentary bequests , payments of debts , or discharge of other obligations of the estate. The recipient of the residuary bequest is the residuary beneficiary . For example, in Jureski v. Scaduto , a Florida Court of Appeals ruled that the testator’s residuary bequest to five individuals controlled, as opposed to a conflicting provision which bequeathed any property owned at the time of testator’s death to two individuals.

[Last reviewed in April of 2021 by the Wex Definitions Team ]

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