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Dutch to English translations [PRO]
Law/Patents - Law: Taxation & Customs | | Dutch term or phrase: fideïcommis de residuo | From a Flemish lawyer's memo on succession planning:
De enige mogelijkheid om de Franse schenkings- en successierechten uit te schakelen is te procederen als volgt :
om ervoor te zorgen dat bij het overlijden van C--- haar helft niet wordt onderworpen aan de hogere successierechten tussen zussen, kan de schenking aan C--- (voor de helft) gebeuren met de verplichting om hetgeen van deze helft nog overblijft bij haar overlijden toe te bedelen aan haar zus Caroline of aan een private stichting die wordt opgericht tot behartiging van de belangen van M--- (=fideïcommis de residuo); alsdan zullen ook schenkings- of successierechten zijn verschuldigd doch deze zullen lager zijn dan bij een gewone vererving aan M---.
Fideïcommis = fideicommissary....What is the meaning of de residuo? |
| | | residuo = residue (remainder) of the estate | Explanation:
the residue is what is left after the costs of administration of the deceased estate, the liabilities and the legacies have been paid out . Legacies being fixed awards to specified individuals or institutions, e.g. I leave 5,000 EUR to my local church. The residue is what is divided amongst the heirs
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Note added at 11 mins (2005-03-17 08:57:24 GMT)
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Residue The residue of your estate includes everything else that you own after all debts, funeral expenses and all legacies and tax has been paid. That is to say every thing you own when you pass away which has not been gifted elsewhere in your will. If you are going to leave the residue of your estate to your spouse or your partner you can also say what is to happen to the residue if your spouse or partner passes away before you for example if the residue of your estate is to pass then to your children
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Note added at 12 mins (2005-03-17 08:58:49 GMT)
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Residue
This term is often applied to what is left after a will makes all its specific gifts. Customarily it comprises the bulk of the estate. The clause disposing of it is often called the residuary clause.
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Note added at 13 mins (2005-03-17 08:59:38 GMT)
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www.willsandtrustschicago.com/residue.htm
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Note added at 25 mins (2005-03-17 09:10:56 GMT)
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A fideicommissum is a legal institution, where the owner of a property transfers this property to another person, subject to it being transferred from that person to yet another person at a later stage. Usually, a fideicommissum (condition) is created in a will, according to which property is first bequeathed to the one person and then, subsequently, to someone else, i.e. in such a case, the heir (known as the fiduciarius, that is, the bare dominium owner) inherits the property and it is transferred to him/her, on condition that he/she will transfer it to someone else at a given stage. Later, the proprietary right of the fiduciarius is ended (after the lapse of a stipulated period, or when a condition has been met) and the property is transferred to the fideicommissarius (the sequential owner).
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 Lawyer-Linguist
Portugal
Local time: 11:46
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7 mins confidence:   peer agreement (net): +3 | fideïcommis de residuo residuo = residue (remainder) of the estate
Explanation:
the residue is what is left after the costs of administration of the deceased estate, the liabilities and the legacies have been paid out . Legacies being fixed awards to specified individuals or institutions, e.g. I leave 5,000 EUR to my local church. The residue is what is divided amongst the heirs
--------------------------------------------------
Note added at 11 mins (2005-03-17 08:57:24 GMT)
--------------------------------------------------
Residue The residue of your estate includes everything else that you own after all debts, funeral expenses and all legacies and tax has been paid. That is to say every thing you own when you pass away which has not been gifted elsewhere in your will. If you are going to leave the residue of your estate to your spouse or your partner you can also say what is to happen to the residue if your spouse or partner passes away before you for example if the residue of your estate is to pass then to your children
--------------------------------------------------
Note added at 12 mins (2005-03-17 08:58:49 GMT)
--------------------------------------------------
Residue
This term is often applied to what is left after a will makes all its specific gifts. Customarily it comprises the bulk of the estate. The clause disposing of it is often called the residuary clause.
--------------------------------------------------
Note added at 13 mins (2005-03-17 08:59:38 GMT)
--------------------------------------------------
www.willsandtrustschicago.com/residue.htm
--------------------------------------------------
Note added at 25 mins (2005-03-17 09:10:56 GMT)
--------------------------------------------------
A fideicommissum is a legal institution, where the owner of a property transfers this property to another person, subject to it being transferred from that person to yet another person at a later stage. Usually, a fideicommissum (condition) is created in a will, according to which property is first bequeathed to the one person and then, subsequently, to someone else, i.e. in such a case, the heir (known as the fiduciarius, that is, the bare dominium owner) inherits the property and it is transferred to him/her, on condition that he/she will transfer it to someone else at a given stage. Later, the proprietary right of the fiduciarius is ended (after the lapse of a stipulated period, or when a condition has been met) and the property is transferred to the fideicommissarius (the sequential owner).
| Lawyer-Linguist
Portugal
Local time: 11:46
Specializes in field
Native speaker of:  English
PRO pts in category: 20
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| | Grading comment | Thanks very much. I learnt a lot from your answer. |
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