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22 May, 16:17

According to Lou's will, specific gifts are made, and taxes and other estate expenses and debts are paid. The assets of Lou's estate that remain are

a. a lapsed legacy.

b. a general bequest.

c. an abatement.

d. the residuum.

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Answers (1)
  1. 22 May, 16:42
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    Correct answer is (d. the residuum)

    Explanation:

    The residuum or residuary beneficiaries in will or trust: when making will or trust, one can make remaining assets (residue) to go a beneficiary or beneficiaries after all other vital payments and specific gifts are being made.
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Home » Business » According to Lou's will, specific gifts are made, and taxes and other estate expenses and debts are paid. The assets of Lou's estate that remain are a. a lapsed legacy. b. a general bequest. c. an abatement. d. the residuum.
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