A ‘residuary clause’ in a Last Will & Testament concerns that portion of the testator’s estate that is not specifically granted or bequeathed to someone in the other portions of the Last Will & Testament.
It is, stated another way, the ‘catch all’ provision that allows property that may not be listed specifically elsewhere in the Will to be passed to the residuary beneficiary so named.
Also, it can cover any other specific gift or bequest in the Will that may otherwise fail for whatever reason.
Standard Legal’s Last Will and Testament legal forms software package offers Wills with residuary clauses in some options.