Section 350 of ISA : Section 350: Residuary Legatee?S Title To Produce Of Residuary Fund
ISA
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Explanation using Example
Imagine a man named Ravi who leaves a will stating that the rest of his estate, after specific bequests, should go to his niece, Priya, once she turns 25. Since this is a general residuary bequest, Priya is entitled to any income generated by the estate's assets from the day of Ravi's passing until she turns 25, unless specified otherwise in ...
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