Understanding Residue of the Estate

Residue of the Estate

“The residue of the estate is the remainder of a deceased person’s assets left after debts, taxes, expenses, and specific gifts have been paid.”

This is often the largest portion of the estate and is distributed according to the terms in the will or trust.

If the will doesn’t address the residue, it may pass according to intestacy laws.

Ensure your estate plan clearly directs the residue to avoid confusion or disputes.

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