The ordinary meaning of the word residue is a leftover part or remnant. In estate planning, residue has a special meaning, referring to the portion of a deceased person’s assets that remain after all debts and taxes have been paid and gifts have been made to...
In Massachusetts, a personal representative is the same as an executor. Executor is the commonly known term that was traditionally used to describe the individual appointed by the Probate Court to administer your estate after you die. Massachusetts changed the...
