Beneficiary - Law Dictionary Search Results
Ademption
a bequeathed asset's ceasing to be part of the estate at the time of the testator's death; a beneficiary's forfeiture of a legacy or bequest that is no longer operative. Also termed extinguishment of legacy, Black Law
Ademption by satisfaction
by satisfaction, means an ademption that occurs because the testator, while alive, has already given property to the beneficiary with the intention of rendering the testamentary gift inoperative, Black Law Dictionary, 7th Edn., p. 40.
Contingent legacy
relate to the disposal of the fund, or it may relate to the position or existence of the beneficiary; in the first case as in a bequest to be paid or payable to A. when he shall
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Conversion, equitable
it is destined to be changed. See 3 & 4 Wm. 4, c. 74, s. 71. But the beneficiary, or all the beneficiaries together, provided they are sui juris and unanimous, may elect to take the property
Disposition
debts and all other rights at the expense of and made by the deceased in favour of the beneficiary. The substantive definition of 'property' in s. 2(15) is not exhaustive but only inclusive and the supplementary operation
Litigative puppetry
Litigative puppetry, the technique of making someone to litigate, while somebody else, who is the real beneficiary of the litigation controls matters from the background. In the instant case workers of coal mines were the
Lapse
by the death of the trustee in the testator's lifetime the legacy survives for the benefit of the beneficiary. Consult Jarman or Theobald on Wills; Roper on Legacies.
Person interested
might produce, Chagan Lal v. Astor Quisth, AIR 1972 AP 49: (1971) 2 Andh WR 347. Means the beneficiary i.e. local, authority or company, a co-operative society registered under the relevant state law, or statutory authority is
Public trustee
13 an investigation and audit of trust accounts may be made at the instance of any trustee or beneficiary, by some agreed solicitor or accountant, and in default of agreement by the Public Trustee or some person
Real representative
the personal representatives, and testamentary dispositions are only equitable. The legal estate or property will pass to the beneficiary only upon assent or conveyance by the personal representatives. See ASSENT.
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