residuary legacy

Definition of "residuary legacy"
  1. A gift of the leftover part of an estate after all other legacies have been distributed and debts paid off
How to use "residuary legacy" in a sentence
  1. In her will, she left her entire residuary legacy to her grandchildren.
  2. The residuary legacy often includes assets that were not mentioned in the will.
  3. He was surprised to find out he was receiving the residuary legacy, as the testator had other close relatives.

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