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  2. Residuary estate - Wikipedia

    en.wikipedia.org/wiki/Residuary_estate

    The person identified in such a clause is called the residuary taker, residuary beneficiary, residuary legatee, or residuary devisee. [2] Such a clause may state that, in the event that all other heirs predecease the testator, the estate would pass to a charity (that would, presumably, have remained in existence).

  3. How to Write a Residuary Estate Clause in a Will - AOL

    www.aol.com/write-residuary-estate-clause...

    When mapping out your estate plan, you may come across the term "residuary estate." In simple terms, a residuary estate is any part of your estate that hasn't been distributed to your heirs ...

  4. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    Residuary estate - the portion of an estate remaining after the payment of expenses and the distribution of specific bequests; this passes to the residuary legatees. Specific legacy (or specific bequest) – a testamentary gift of a precisely identifiable object.

  5. Administration (probate law) - Wikipedia

    en.wikipedia.org/wiki/Administration_(probate_law)

    In this case the court will make the grant to the person, usually the residuary legatee, with the largest beneficial interest in the estate. Administration de bonis non administratis occurs in two cases: Where the executor dies intestate after probate without having completely administered the estate; Where an administrator dies.

  6. What Should I Include in My Estate vs. Trust? - AOL

    www.aol.com/estate-vs-trust-really-understand...

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  7. Lapse and anti-lapse - Wikipedia

    en.wikipedia.org/wiki/Lapse_and_anti-lapse

    The modern view is that where a beneficiary was intended to inherit part of the residuary estate who predeceases the testator, and that beneficiary is not covered by the anti-lapse statute, then that beneficiary's inheritance will return to the residuary estate, to be inherited by the other beneficiaries to whom the residue has been willed.

  8. Power of appointment - Wikipedia

    en.wikipedia.org/wiki/Power_of_appointment

    In the United States of America, a general power of appointment is defined for federal estate tax purposes in the Internal Revenue Code §2041. [1] A general power of appointment is one that allows the holder of the power to appoint to himself, his estate, his creditors, or the creditors of his or her estate the right to have the beneficial use ...

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