What Does Residual Property Mean In A Will
Residual property includes all property of a deceased individual not specifically given to a beneficiary through a will. Whether it be money, household items or even pets, the residual property technically has no owner unless specifically laid out in the will
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What Does Residual Property Mean In A Will
Residual property includes all property of a deceased individual not specifically given to a beneficiary through a will. Whether it be money, household items or even pets, the residual property technically has no owner unless specifically laid out in the will
Who Gets The Residuary Estate?
A residuary beneficiary receives the “residue” of an estate or trust – that is, all of the property that's left after specific gifts are distributed. When making a will or trust, you can name specific beneficiaries to receive specific items, and you can name residuary beneficiaries to get everything else
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