Question

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.

Answer 1

Correct answer is (d. the residuum)

Step-by-step 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.