Specific Bequest - Law Dictionary Search Results
specific bequest
specific bequest see bequest
Wills
175 of the (English) Law of Property Act, 1925, contingent, specific or residuary devises of real or personal property carry the … executed, confirmed or republished after 1925, by a devise or bequest referring specifically either to the property or the instrument under
Legacy
to any particular diamond ring as distinguished from others. (2) Specific, when it is a bequest of a particular thing, or
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legacy
been distributed through other legacies or charges upon the estate specific legacy : a legacy payable only from a specific fund … ;specif : a gift of personal property by will : bequest see also ademption compare devise conjoint legacy in the civil
ademption
will compare advancement NOTE: Only gifts that are characterized as specific devises, bequests, or legacies are subject to ademption. … advancement NOTE: Only gifts that are characterized as specific devises, bequests, or legacies are subject to ademption.
abate
Uniform Probate Code, property in the estate that is not specifically given under the will abates first, residuary devises abate second, … problem arises in estate law when the amount of the bequests and devises made in a will exceeds the assets available
Ademption
Ademption [fr. adimo, Lat.], revocation; a taking away of a specific legacy, i.e., if a testator, after having given a legacy … SATISFACTION. Means the destruction or extinction of a legacy or bequest by reason of a bequeathed asset's ceasing to be part
Trust
protection, the voluntary agreement will in such a case be specifically executed, and see (English) Law of Property Act, 1925, s. … executed with the statutory formalities, but if a devise or bequest of the legal estate be accompanied with any mala fides
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