residuary legatee

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

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