According to the terms of Donna's will, specific gifts are made, and taxes and other estate expenses and debts are paid. The assets of her estate that remain are
A) the bequest.
B) the devise.
C) the legacy.
D) the residuary.

Question

​According to the terms of Donna's will, specific gifts are made, and taxes and other estate expenses and debts are paid. The assets of her estate that remain are
A) ​the bequest.
B) ​the devise.
C) ​the legacy.
D) ​the residuary.

Quizplus · Accepted Answer

The assets of Donna's estate that remain after specific gifts, taxes, expenses, and debts are paid are known as the residuary estate. This includes any property or assets that were not specifically bequeathed or devised to a particular beneficiary. Therefore, the best choice is option D, the residuary.

​According to the Terms of Donna's Will, Specific Gifts Are

According to the Terms of Donna's Will, Specific Gifts Are