In a will what assets are covered by the phrase "tangible personal property" and what by the phrase "residue of my estate both real and personal"?
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Technically under the law, tangible personal property means any property that can be touched or felt. In reality it means everything other than real estate - furniture, a watch, etc. And although "residue" sounds yucky, it means what remains or is left over in an estate after all the debts and legacies have been discharged (debts paid and assets distributed under a Will). Good luck.
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