A residuary clause is a provision in a Will that passes the residue of an estate to beneficiaries identified in the Will. ... For example, a testator could say: “I give all of the residue of my estate to my wife if she survives me. If my wife does not survive me, I give all of the residue of my estate to my son.”
Will residuary clause examples?
The clause will name the residuary beneficiary who is also sometimes known as a remainder beneficiary. For example, “I give my car to my niece, my rental property to my son, and the residue of my estate to my wife,” or “.... I give the remainder of my estate, including any personal and real property, to my wife.”
What you should never put in your will?
Types of Property You Can't Include When Making a Will
- Property in a living trust. One of the ways to avoid probate is to set up a living trust. ...
- Retirement plan proceeds, including money from a pension, IRA, or 401(k) ...
- Stocks and bonds held in beneficiary. ...
- Proceeds from a payable-on-death bank account.
