Residuary estate,

Definition of Residuary estate:

1. Balance of a deceaseds estate after all administrative expenses, debts, taxes, etc., have been paid, and which is available for distribution to the deceaseds heirs.

How to use Residuary estate in a sentence?

1. After Johns mother died, the accountant was trying to project the residuary estate . He had to factor in all the outstanding debts and expenses that still need to be paid before the final inheritance could be received.
2. You need to figure out where everything from the residuary estate will need to go after someone has passed on.
3. The residuary estate was nil as the debts were massive at the time of death for the deceased former estate owner.