Definitions for "Specific bequest"
Related Terms:
Bequest, Legacy, Ademption, Residuary bequest, Residuary estate, Residuary legacy, Bequest, Remainder, Outright gift, Residuary, Testamentary gift, Specific legacy, Life tenant, Specific gift, Probate estate, Remainder estate, Remainderman, Residual bequest, Contingent bequest, Residual estate, Estate, Remainder interest, Succession, Charitable bequest, Life interest, Life beneficiary, Bequeath, Heir, Residuary beneficiary, Ancillary administration, Heirs, Remainder beneficiary, Qualified terminable interest property trust, Ancillary probate, Qtip trust, Revocable living trust, Living trust, Ab trust, Intestate succession, Gross estate, Legatee, Marital trust, Estate of inheritance, Distributee, Qualified terminable interest property, Bypass trust, Transfer on death, Retained life estate, Pour-over will
a testamentary gift of a specific amount of money or of particular property.
a bequest for a specific item of dollar amount
a bequest of a specific item or dollar amount
a gift by will of a designated class or kind of property (e
a gift of a particular dollar amount or a particular asset
a gift of a specific property, cash amount, stock(s) or other assets
a gift of cash or property
a gift of property that is particularly designated and is to be satisfied only by the beneficiary's receipt of the particular property described
A bequest of a particular item or part of an estate or that is payable only from a specified source in the estate and not from the general assets
A specific bequest is a specific item or amount of money left to a person in a Will.
A particular named item left as a gift in your Will - for example, a piece of jewellery.
A specific item of property that is left to a known beneficiary under a Will. If the person who made the Will no longer owns the property when he dies the bequest fails. If the beneficiary predeceases the person making the Will, then the gift falls into the residue of the estate.
A specific bequest is either a stated dollar amount or a specific piece of property that is to be given to Goodspeed Musicals.
A gift of a specific item of property to a named beneficiary under a will.
A gift under a will of a specific item of personal property or a specific amount of cash.
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.