General Legacy - Law Dictionary Search Results

legacy

the specified fund or asset fails to satisfy the legacy general legacy : a legacy payable out of the general assets of

Demonstrative legacy

1925), s. 150] A legacy of quantity is ordinarily a general legacy; but there are legacies of quantity in the nature of

Legacy

ring.' (3) Demonstrative, when it is in its nature a general legacy, but there is a particular fund pointed out to satisfy

Annuity

may be transmitted, by will. A created annuity is a general legacy, and will abate with the other legacies upon a deficiency

however, the power to prefer no longer exists. (8) In general, legacies ought not to be paid within a year after … of the property he cannot be compelled to pay a legacy within that period, even in a case where the testator

Charities, or Public Trusts

relief to the poor. In English law it means a general public use, Commissioners for Income Tax v. Pemsel, 1891 AC … (Re Meech, 1910 (1) Ch 426). A charitable gift pays legacy or succession duty at 10 per cent., but charities, generally

Lapse

of Estates Act, 1925, s. 51(3). It is also a general rule that a trust legacy does not lapse by the

Contingent legacy

whole. There are certain other guides to construction, e.g., in general, a gift of interest in the interim or a direction … Contingent legacy, one bequeathed on a contingency; e.g., if the legatee attain

Wills

Act, 1837, which does not extend to Scotland, where, as generally in Europe, except in England and Ireland, a man cannot … whom or to whose wife or husband any beneficial devise, legacy, estate, interest, gift, or appointment, of or affecting any real

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