Definitions for "Bequest" Add To Word List
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Giving of assets, such as bonds, mutual funds, real estate and personal property to beneficiars through the provisions of a will.
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a clause in your will that directs the executor of your Will to distribute a portion, or in some cases all of your estate to your preferred charity
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a legal provision made by will, naming, for instance, the Rhode Island College Foundation as recipient of the whole or a portion of an individual's personal estate
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a legal provision, made by will, which names the Library as the recipient of all, or a portion, of your estate
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a means to save significant estate tax and direct your funds to your areas of interest
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an amount a registered charity receives from the will of a deceased person
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a provision included in a will that names UMMS as a beneficiary of all or a portion of the estate of the person who made the will
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a provision in the landowner's will or a codicil (an amendment to a will) that instructs the estate's executor to convey land or a conservation easement to the Land Trust
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a provision in your will naming the Omega Institute as a recipient of a part of your estate
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a provision in your will or living trust which directs funds or assets to the Academy
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a provision in your will or revocable living trust that names Trinity as the recipient of a fixed sum of money, or a percentage of your assets, or a specific asset
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a request that you make in your will, instructing your executor to leave some, or all of your estate to a particular cause or charity
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a section of the will that directs how elements of the estate are to be divided
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a simple way to provide a specific sum, a percentage or the residue of an estate
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a specific provision of your Will, directing some assets in your estate to the University
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a statement in your will that transfers property from your estate to a named beneficiary
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a way to direct some of your assets to specific individuals or agencies of your choice
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Intestacy Residuary Estate
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To give or leave personal property or assets by will to an individual or charity. A bequest may be for a specific amount or percentage of the estate.
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Assets transferred to a beneficiary under a will.
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The process of giving stocks, bonds or any other assets to the beneficiary of a will.
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That which is left to specified persons under a deceased person's will.
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The legal term for personal property (anything but real estate) left in a will.
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