What Is The Difference Between Specific Devisees Versus Residuary Beneficiaries?
There are two main types of beneficiaries to an estate: specific devisees and residuary beneficiaries. Depending on which type of beneficiary you are, it may or may not be immediately clear what you will inherit from a loved one. At the Law Office of Cheryl Bucker, P.A., in Pompano Beach, Florida, we serve clients in Lauderdale-by-the-Sea, Lighthouse Point and the surrounding areas. Our attorneys have extensive experience reviewing wills and can help you determine exactly what your rights are during the probate process.
What Happens If Your Loved One Dies With A Will?
Unlike specific devisees, residuary beneficiaries are not bequeathed specific property. Instead, they inherit everything that isn’t left specifically to another beneficiary. In some cases, a residuary beneficiary may receive a substantial amount of the estate. For example, the will may bequeath a home to one person and everything else in the estate to the residuary beneficiary. In other cases, the residuary beneficiary may be intended to receive very little from the estate.
Schedule A Complimentary Consultation.
Contact our lawyers to schedule your free consultation. Contact us online or call 954-781-8230. We are open from 9 a.m. to 5 p.m. Monday through Friday, and our office is located just before the intercoastal bridge in Pompano Beach. Off-site visits can be arranged.