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The residuary estate is the portion of an estate left after all debts, expenses, and specific gifts have been paid.
It is usually passed to residuary beneficiaries named in the will. If no such beneficiaries exist, it passes under intestacy rules.
Legal Reference:
Interpreted under the Wills Act 1837 and the Administration of Estates Act 1925.
Sources:
Wikipedia – https://en.wikipedia.org/wiki/Residuary_estate
Wikidata – https://www.wikidata.org/wiki/Q7315521
Knowledge Graph – https://www.google.com/search?kgmid=/m/06_fk6
DBpedia – http://dbpedia.org/resource/Residuary_estate
Product Ontology – http://www.productontology.org/id/Residuary_estate
