Legal Question in Wills and Trusts in New Jersey
residual of a will
What does the residual of a will consist of?
Asked on 3/06/04, 12:32 pm
2 Answers from Attorneys
Miriam Jacobson
Retired from practice of law
Re: residual of a will
The residuary estate is what is left after paying all taxes, debts and final and administrative expenses of the estate, and after any specific bequests (leaving specified amounts of money or property to named individuals).
NJ Office: 885 Haddon Avenue, Collingswood NJ 08108; 856-858-7775.
Answered on 3/06/04, 3:37 pm
Walter LeVine
Walter D. LeVine, Esq.
Re: residual of a will
All assets remaining and passing under the Will, after the payment of all debts, funeral expenses, taxes, probate costs, fees, commissions and specific bequests, if any.
Answered on 3/06/04, 1:56 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
