residuary clause

Definition of "residuary clause"
  1. A provision in a will that determines how any remaining assets, not specifically assigned, will be distributed
How to use "residuary clause" in a sentence
  1. The residuary clause in the will directed any undistributed property to be donated to a local charity.
  2. Although specific items were bequeathed to certain individuals, the residuary clause allotted the rest of the estate evenly among the children.
  3. Legal advice was sought to better understand the implications of the residuary clause in their late father's will.

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