residuary background

residuary

/ɹɪˈzɪdʒuˌɛri/ /ɹɪˈzɪdʒəˌwɛri/

Illustration residuary - Image 1

noun

Légataire résiduaire

One who receives the residue of an estate.

Examples :

"After the specific gifts to his children were distributed, the residuary inherited the remaining money in the will. "

Après la distribution des dons spécifiques à ses enfants, le légataire résiduaire a hérité de l'argent restant dans le testament.

property law finance family

Illustration residuary - Image 1

adjective

Résiduel, restant

Of or relating to a residue; residual; left over, when the main portion has been removed.

Examples :

"After the party, the residuary snacks were mostly stale chips and crackers. "

Après la fête, les collations restantes étaient principalement des chips et des crackers rassis.

property finance law

Illustration residuary - Image 1

adjective

Résiduel, relatif au reliquat

With respect to a will, relating to the portion of an estate which was not disposed of in the will, or for which the directions in the will could not be carried out.

Examples :

"Since the will specifically gifted the house and car, the daughter received the residuary estate, which included the remaining money and belongings. "

Puisque le testament léguait spécifiquement la maison et la voiture, la fille a reçu le reliquat de la succession, qui comprenait l'argent et les biens restants.

property law finance asset