The residue is everything that remains after any gifts have been made and after payment of all debts, taxes and expenses. The residue should not be itemised as you do not know what will be in your estate when you die. 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 – such as siblings or nephews and nieces.