A residuary bequest refers to which portion of the estate?

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Multiple Choice

A residuary bequest refers to which portion of the estate?

The residuary bequest is the part of the estate that remains after everything else has been taken care of. It covers the assets not specifically given away and is what’s left after paying debts, taxes, administration expenses, and after all other types of gifts (like specific, demonstrative, or general bequests) have been satisfied. In other words, it’s the remainder of the estate that goes to the residuary beneficiaries named in the will.

The residuary bequest is the part of the estate that remains after everything else has been taken care of. It covers the assets not specifically given away and is what’s left after paying debts, taxes, administration expenses, and after all other types of gifts (like specific, demonstrative, or general bequests) have been satisfied. In other words, it’s the remainder of the estate that goes to the residuary beneficiaries named in the will.

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