Residuary Assets Clause Samples
The Residuary Assets clause defines how any remaining assets not specifically allocated elsewhere in a will or trust are to be distributed. In practice, this clause ensures that all property, funds, or interests not explicitly mentioned are given to a designated beneficiary or group of beneficiaries. By doing so, it prevents unintended intestacy and ensures that the entirety of the estate is properly distributed according to the testator's wishes.
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Residuary Assets. The residuary assets of this Trust shall be distributed to of . If such beneficiary does not survive Grantor and Grantor’s Spouse, the residuary assets shall be distributed to the following beneficiaries in the percentages as shown: % to of ; % to of and % to of
Residuary Assets. The residuary assets of this Trust shall be distributed to ________________ of ______________________. If such beneficiary does not survive Grantor and Grantor’s Spouse, the residuary assets shall be distributed to the following beneficiaries in the percentages as shown: __% to ___________ of ________________; __% to __________________ of ____________________ and __% to _____________ of _________________. If any of these people do not survive Grantor and Grantor’s spouse, this share shall be distributed proportionately to the other distributee(s) listed under this provision.
Residuary Assets. The residuary assets of this Trust shall be distributed to the Grantor's spouse, ___________________________________. If the Grantor's spouse does not survive the Grantor, the residuary assets of this Trust shall be distributed to the Grantor's children in equal shares. If a child does not survive the Grantor, such deceased child's share shall be distributed in equal shares to the children of such deceased child who survive the Grantor, by right of representation. If a child does not survive the Grantor and has no children who survive the Grantor, such deceased child's share shall be distributed in equal shares to the Grantor's other children, if any, or to their respective children by right of representation. If no child of the Grantor survives the Grantor, and if none of the Grantor's deceased children are survived by children, the residuary assets of this Trust shall be distributed to the following beneficiaries in the percentages as shown: ____ % to the Grantor's heirs-at-law, their identities and respective shares to be determined under the laws of the State of Nebraska, then in effect, as if the Grantor had died intestate at the time fixed for distribution under this provision. ____% to the Grantor's spouse's heirs-at-law, their identities and respective shares to be determined under the laws of the State of Nebraska, then in effect, as if the Grantor's spouse had died intestate at the time fixed for distribution under this provision. ____% - Percent Total
Residuary Assets. The residuary assets of this Trust shall be distributed to the Settlor's children in equal shares. If a child does not survive the Settlor, such deceased child's share shall be distributed in equal shares to the children of such deceased child who survive the Settlor, by right of representation. If a child does not survive the Settlor and has no children who survive the Settlor, such deceased child's share shall be distributed in equal shares to the Settlor's other children, if any, or to their respective children by right of representation. If no child of the Settlor survives the Settlor, and if none of the Settlor's deceased children are survived by children, the residuary assets of this Trust shall be distributed in the following shares to:
Residuary Assets. A. At the Grantor’s death, after compliance with all other applicable provisions of this declaration of Trust, all the rest, residue and remainder of the Trust shall be dis- tributed outright, and free of trust, and , as community property with right of survivorship, or to the survivor of them.
B. If neither nor sur- vive me, the residue and remainder of the Trust shall be distributed to my .