The property remaining in a decedent’s estate after payment of the estate’s debts, taxes and expenses and after all specific gifts of property have been distributed as designated by the decedent’s last will and testament. The residue is also known as the “residuary estate.”

Estate Planning Blog

Get useful estate planning insights about wills, trusts, elder law, special needs planning, and more from the estate planning attorneys at TuckerAllen.

Read More

Reference: Residue