General Legacy - Law Dictionary Search Results
Cy-pres
is, that where a testator hs two objects,one primary or general and the other secondary or particular, which are incompatible, the … condition satisfies it, although not literally fulfilled. Thus, if a legacy upon a condition precedent require the consent of three persons
heir
on English common law called also heir at law heir general legal heir compare issue b in the civil law of … an heir who is named in the will but whose legacy will fall to a substitute legatee under a vulgar substitution
title
by deed at estoppel NOTE: The doctrine of after-acquired title generally does not apply when the grantor receives title by quitclaim … or owns particular property received (as by purchase, gift, or legacy) before or after the death of an ancestor [a successor
universal
successor 2 : not confined by limitations or exceptions : general in application uni·ver·sal·ly adv … esp. causa mortis [granted him a usufruct] see also universal legacy at legacy compare universal title at title b : of
Marshalling
doctrine of marshalling in relation to mortgages results in the general rule that where an owner of several properties has mortgaged … may sometimes be required between legatees when some of the legacies are charged on the reality and some are not: and
bequest
other sources to the extent that the first is insufficient general bequest : a bequest that is to be distributed from … : an act of bequeathing ;also : something bequeathed : legacy de·mon·stra·tive bequest [di-mÄ n-strə-tiv-] : a bequest of a particular
abate
given under the will abates first, residuary devises abate second, general devises abate third, and specific devises abate last. … 43"] 2 : to decrease in amount or value [the legacies abated proportionately] NOTE: A problem arises in estate law when
asset
or both spouses during a marriage NOTE: Marital assets are generally subject to equitable distribution on divorce. net assets 1 : … [back-formation from assets, singular, sufficient property to pay debts and legacies, from Anglo-French asetz, from Old French asez enough] 1 :
Appropriation, powers of
Estates Act, 1925, s. 41,has conferred on personal representatives a general power to appropriate any part of the real or personal … the time of appropriation in or towards satisfaction of any legacy or interest or share in his property as to the
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