“It’s All Greek to Me”: Residue of an Estate

It would be cumbersome for a Will to specifically devise every single thing a person has ever bought or owned. So, the residue of the estate refers to all the assets not expressly left to a beneficiary.

The residuary provision in a Will or Trust typically deals with these assets. These remaining assets can be left to a certain person or people, or they can be designated to be distributed either per stirpes or per capita among a group. Whatever the case, it is vital to provide for the residue of the estate in any Will.

For help making your Will and other estate plan documents, call (941) 906-1231 to schedule an appointment with the attorneys at Bach, Jacobs & Byrne, P.A.