The remainder of your assets (after the deduction of any debts, tax and other expenses, and any gifts made in section 7) are referred to as the residue, or residuary estate. You may elect to leave the entire residue to one person (such as a spouse or civil partner), or divide it between several individuals (such as a number of children) or groups.
Since the value of your estate is hard to quantify, and will change over the years, it is usual to state a fraction or percentage rather than a specific amount if you are intending to split the residue between a number of beneficiaries.
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