Legacy - Law Dictionary Search Results
universal
: encompassing or burdening all of one's property esp. causa mortis [granted him a usufruct] see also universal legacy at legacy compare universal title at title b : of or relating to a universal conveyance or a
heir
heir in the civil law of Louisiana : an heir who is named in the will but whose legacy will fall to a substitute legatee under a vulgar substitution in the event that he or she refuses
Abatement
after payment of the debts they abate in proportion, unless a priority is specially given to any particular legacy. A testator is always presumed to intend that the legacies shall be equally paid, unless he expresses in
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Marshalling
of creditors is no longer necessary, but it may sometimes be required between legatees when some of the legacies are charged on the reality and some are not: and when legacies charged and one not charged are
residue
;specif : the part of a testator's estate remaining after the satisfaction of all debts, charges, taxes, and legacies other than residuary legacies
Firm
948, per Joyce, J., and the instances there given by the learned judge of the effect of a legacy or an assurance to a firm. See BUSINESS NAMES. The title under which one or more persons conduct
Corporation Property Duty
or of a body whose capital stock is so divided as to be liable to be charged for legacy or succession duties.
Cy-pres
personal legacies, tht a substantial compliance with the condition satisfies it, although not literally fulfilled. Thus, if a legacy upon a condition precedent require the consent of three persons to a marriage, and one or more of
Falsa demonstratione legatum non perimitur
Falsa demonstratione legatum non perimitur [Lat.], a legacy will not fail from a false description.
Fidei-commissum
to have been introduced in order to evade the Civil Law, and to give the h'reditas, or a legacy, to a person who was either incapacitated from taking directly, or who could not take as much as
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