residuary clause

residuary clause
A clause in a will which purports to dispose of that part of the estate which is left after other legacies and devises have been paid and all legal claims against the estate discharged. 57 Am J1st Wills § 1415. The term seems to contemplate the former provisions in the will to carry into effect the wishes of the testator as to the disposition of his estate, and is used to cover all that remains after such former dispositions of property have been carried out. Morgan v Huggins (CC Ga) 48 F 3, 5. The phrase "rest, residue, and remainder" is frequently used in wills to devise and bequeath all of the property of the testator which he has not by his will specifically devised or bequeathed. " 'All the rest, residue, and remainder of my property, both real and personal,' expresses no intent to limit or exclude from the residuum anything personal or real, anything whatever which for any reason might prove to be ineffectually disposed of. It expresses a clear intent on the part of the testator to make a full and complete disposition of his property." Wilson v Sanger, 57 App Div 320, 322, 68 NYS 30. As a rule, an enumeration of specific articles in a residuary clause will not make the bequest specific as to such articles unless they are designated in such a way as to differentiate them from the residue. A bequest of all a man's personal property is a residuary and not a specific legacy, since its import is the same as is expressed by the words, "rest and residue." But a devise of "all the residue of the testator's real estate and personal property not hereinbefore enumerated, as hereinafter described," is a specific bequest of the subsequently enumerated property, and does not entitle the beneficiary to take as a residuary legatee the lapsed legacies and property not enumerated in the bequest to him. 57 Am J1st Wills §§ 1415 et seq.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • residuary clause — n: a clause in a will disposing of a residue Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. residuary clause …   Law dictionary

  • Residuary clause — Residuary Re*sid u*a*ry ( ? r?), a. [See {Residue}.] Consisting of residue; as, residuary matter; pertaining to the residue, or part remaining; as, the residuary advantage of an estate. Ayliffe. [1913 Webster] {Residuary clause} (Law), that part… …   The Collaborative International Dictionary of English

  • residuary clause — Clause in will by which that part of property is disposed of which remains after satisfying bequests and devises. Any part of the will which disposes of property not expressly disposed of by other provisions of the will. Jackson v. Jackson, 217… …   Black's law dictionary

  • residuary clause — noun Etymology: residuary (I) : the part of a testator s will in which the residue of his estate is disposed of to one or more persons compare bequeath 1a …   Useful english dictionary

  • residuary — re·sid·u·ary 1 /ri zi jə ˌwer ē/ adj: of, relating to, consisting of, or constituting a residue residuary 2 n pl ar·ies 1: residue 2 …   Law dictionary

  • Residuary — Re*sid u*a*ry ( ? r?), a. [See {Residue}.] Consisting of residue; as, residuary matter; pertaining to the residue, or part remaining; as, the residuary advantage of an estate. Ayliffe. [1913 Webster] {Residuary clause} (Law), that part of the… …   The Collaborative International Dictionary of English

  • Residuary devise — Residuary Re*sid u*a*ry ( ? r?), a. [See {Residue}.] Consisting of residue; as, residuary matter; pertaining to the residue, or part remaining; as, the residuary advantage of an estate. Ayliffe. [1913 Webster] {Residuary clause} (Law), that part… …   The Collaborative International Dictionary of English

  • Residuary legatee — Residuary Re*sid u*a*ry ( ? r?), a. [See {Residue}.] Consisting of residue; as, residuary matter; pertaining to the residue, or part remaining; as, the residuary advantage of an estate. Ayliffe. [1913 Webster] {Residuary clause} (Law), that part… …   The Collaborative International Dictionary of English

  • clause — / klȯz/ n: a distinct section of a writing; specif: a distinct article, stipulation, or proviso in a formal document a no strike clause in the collective bargaining agreement claus·al / klȯ zəl/ adj Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • residuary — [ri zij′o͞o er΄ē] adj. 1. of, or having the nature of, a residue or residuum; remaining; leftover 2. Law a) receiving the residue of an estate after specific bequests [a residuary legatee] b) giving the disposition of the residue of an estate… …   English World dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”