What is "Residue"?

The residue is everything that remains after specific bequests (if any) and after payment of all debts, taxes and expenses.

There is no need to itemise the residue, you can simply decide what proportion each beneficiary is to receive, if you are naming more than one. You may wish to leave the residue to your spouse and then for it to pass on to your children. If perhaps you do not wish your children to benefit in equal shares you can state what proportion each child is to receive.

If you are single, or do not have any children you may wish to leave the residue to other named beneficiaries.