Legal Definition of Residuary assets:  What is left in an estate or trust after paying debts, expenses and specific bequests and distributions | Looking for the legal definition of residuary assets? Learn what business owners need to know about this important term and how it can impact your financial affairs. Discover examples of residuary assets and why they are crucial for estate planning. Consult with an estate planning attorney to create a comprehensive plan that aligns with your goals and protects the future of your business