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.

Question

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Camron Davis

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.

+1

Answers (1)

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Luz Mendez · Answer 1

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.

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 area. a lapsed legacy.b. a general bequest.c. an abatement.d. the residuum.

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.