residuary legatee
- The individual who is appointed to obtain whatever remains of a property or estate after all other obligations, distributions, and bequests have been made
- The residuary legatee would only inherit after the specific bequests had been distributed according to the will.
- Upon death, any assets not specifically mentioned in the testament are inherited by the residuary legatee.
- After settlement of all debts and distribution of specific gifts, the remaining estate transferred to the residuary legatee.
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