Residuary Bequest Law and Legal Definition

Residuary bequest refers to a gift of the estate remaining when claims against the estate and specific, general, or demonstrative legacies and bequests have been satisfied.

A residuary bequest as to personal estate carries not only everything not attempted to be disposed of, but everything which turns out not to have been effectually disposed of, as void legacies and lapsed legacies. [Prison Asso. of Virginia v. Russell's Adm'r, 103 Va. 563 (Va. 1905)].