When mapping out your estate plan, you may come across the term “residuary estate.” In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a ...

In In re Est. of Edward Long, the primary legal issue concerned the interpretation of a will, specifically whether the residuary clause—which bequeathed the residue of the estate to certain trusts for ...

Even with a comprehensive estate plan, it’s likely you’ll have some assets in a residuary estate. Like the sediment at the bottom of your glass after you finish a fine wine, an estate plan may also ...

Even if a will or trust does contain a tax-apportionment clause, directing payment of all taxes out of the residue may not be the best tax result for the beneficiaries and may not mirror the ...

Recent New York courts have upheld the validity of a decedent’s will, confirming the spouse as the sole residuary beneficiary and dismissing objections, while reversing a probate order due to issues ...