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Residuary Estate

Residuary estate refers to the portion of your estate that remains after certain processes are over. First off, your estate should pay all your health and funeral bills. Secondly, you may have unpaid taxes and additional bills. Funds from your estate will cover this too. Next, your executor carries out your bequests. Whatever portion of your estate remains after all these tasks, is your residue or residuary estate.

See also: Estate, Estate Administration – Definition

Last updated: February 16, 2022

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