Residuary Law and Legal Definition
Residuary means of or relating to or constituting a residue. It is that which is left over after the main portion has been removed. In the context of wills, residuary refers to the portion of an estate which was not disposed of in the will, or for which the directions in the will could not be carried out.
For example, a residuary gift is a testamentary gift where all of the leftover property or residual property is gifted away. Likewise residuary legacy is a gift of estate which remains after the satisfaction of all claims.
