- legacy, residuary
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n.A bequest of all personal property not otherwise disposed of by will, i.e., the residue.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
legacy, residuary
Look at other dictionaries:
legacy — leg·a·cy / le gə sē/ n pl cies [Medieval Latin legatio, from Latin legare to bequeath]: a gift of property by will; specif: a gift of personal property by will: bequest see also ademption compare devise conjoint leg … Law dictionary
residuary legacy — ➔ legacy * * * residuary legacy UK US noun [C] LAW, FINANCE ► after a person’s death, the money or property that is left after particular property and amounts of money have been given to named people: »After the family had received what they had… … Financial and business terms
residuary — re·sid·u·ary 1 /ri zi jə ˌwer ē/ adj: of, relating to, consisting of, or constituting a residue residuary 2 n pl ar·ies 1: residue 2 … Law dictionary
residuary legacy — see legacy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
legacy — ▪ I. legacy leg‧a‧cy 1 [ˈlegəsi] noun legacies PLURALFORM [countable] 1. a situation that exists as a result of things that happened at an earlier time: • Hotels are in oversupply, a legacy of the last building boom. 2 … Financial and business terms
residuary bequest — In a will, the gift of whatever is left over after all specific and general gifts are given. For example, John gives his house and his stocks to his wife, and leaves everything else to his daughter the gift of everything else is the residuary… … Law dictionary
residuary gift — A legacy or devise bequeathed by the residuary clause of a will. A legacy or devise of the residuary estate or of a part of the residuary estate. 57 Am J1st Wills § 1415. See residuary clause; residuary estate … Ballentine's law dictionary
legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be … Black's law dictionary
legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be … Black's law dictionary
residuary — The residuary estate of a testate decedent. A legatee or devisee under a legacy or devise of the residuary estate or a part thereof. Estate of Vanuxem, 212 Pa 315, 61 A 876, 878. See residuary estate … Ballentine's law dictionary
