What is RESIDUE?

The surplus of a testator’s estate remaining after all the debts and par- ticular legacies have been discharged. 2 Bl. Comm. 514. The “residue” of a testator’s estate and effects means what is left after ail liabilities are discharged, and all the purposes of the testator, specifically expressed in his will, are carried into effect. Craves v. Howard, 50 N. C. 302.

More On This Topic

Link to This Definition
Did you find this definition of RESIDUE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary