Residuary Legacy - Law Dictionary Search Results
residuary legacy
Matched in: Term residuary legacy
Residuary legatee
Matched in: Term Residuary legatee
Wills
(1880) 5 PD 116. By s. 175 of the (English) Law of Property Act, 1925, contingent, specific or residuary devises of real or personal property carry the income, and see the (English) Trustee Act, 1925, s. 31. … shall attest the execution of any will, to whom or to whose wife or husband any beneficial devise, legacy, estate, interest, gift, or appointment, of or affecting any real or personal estate (other than and except charges
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Lapse
the devisee or legatee dies before the testator. In such case the devise or legacy falls into the residuary real or personal estate, as the case may be. If a residuary devise or bequest lapses, the property
legacy
Matched in: Term legacy
residue
part of a testator's estate remaining after the satisfaction of all debts, charges, taxes, and legacies other than residuary legacies … ;specif : the part of a testator's estate remaining after the satisfaction of all debts, charges, taxes, and legacies other than residuary legacies
residuum
: residue [a lapsed or void legacy of personal property shall fall into the and go to the residuary legatee "Official Code of Georgia Annotated"]
abate
the Uniform Probate Code, property in the estate that is not specifically given under the will abates first, residuary devises abate second, general devises abate third, and specific devises abate last. … does not "Federal Rules of Appellate Procedure Rule 43"] 2 : to decrease in amount or value [the legacies abated proportionately] NOTE: A problem arises in estate law when the amount of the bequests and devises made
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