Cannon Trust School Level II Practice Exam

In estate terminology, the distribution follows a sequence where gifts are allocated before calculating what’s left for the residuary. A share described as pre-residuary refers to a portion set aside and paid out before the residuary portion is determined. The residuary is what remains after all other specified gifts have been satisfied, so labeling a share as pre-residuary emphasizes that it is allocated ahead of that final remainder.

The other terms don’t fit the timing: a residuary gift is the leftover portion after all other bequests; a fractional share describes a part of the whole but not when it’s paid relative to the residuary; pecuniary refers to money, not the timing of allocation relative to the residuary.