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residue

n. in a will, the assets of the estate of a person who has died with a will (died testate) which are left after all specific gifts have been made. Typical language: "I leave the rest, residue and remainder [or just residue] of my estate to my grandchildren." If the residue is not given to any beneficiary it will be distributed pursuant to the laws of descent and distribution.

See also: descent and distribution  residuary bequest  will 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications