residuary beneficiary

Definition of "residuary beneficiary"
  1. An individual who gets any assets or possessions via a will or trust that is not explicitly given to a different named beneficiary
How to use "residuary beneficiary" in a sentence
  1. In her will, her nephew was designated as the residuary beneficiary of all property not specifically allocated to others.
  2. The will didn't name a residuary beneficiary, resulting in a distribution of the remaining property according to state law.
  3. As the residuary beneficiary, she inherited any portions of the estate not expressly mentioned in the will.

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