Specific Bequest - Law Dictionary Search Results
specific bequest
Matched in: Term specific bequest
Wills
of Blewitt, (1880) 5 PD 116. By s. 175 of the (English) Law of Property Act, 1925, contingent, specific or residuary devises of real or personal property carry the income, and see the (English) Trustee Act, 1925, … of the entailed property by his will if executed, confirmed or republished after 1925, by a devise or bequest referring specifically either to the property or the instrument under which it was created or acquired, or to
Legacy
A. 50l. or a diamond ring, not referring to any particular diamond ring as distinguished from others. (2) Specific, when it is a bequest of a particular thing, or sum of money, or debt, as distinguished from
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legacy
all of the testator's estate which has not been distributed through other legacies or charges upon the estate specific legacy : a legacy payable only from a specific fund or asset in the estate uni·ver·sal legacy in … bequeath] : a gift of property by will ;specif : a gift of personal property by will : bequest see also ademption compare devise conjoint legacy in the civil law of Louisiana : a legacy by a
ademption
similar property to the recipient named in the will compare advancement NOTE: Only gifts that are characterized as specific devises, bequests, or legacies are subject to ademption. … to the recipient named in the will compare advancement NOTE: Only gifts that are characterized as specific devises, bequests, or legacies are subject to ademption.
Ademption
Ademption [fr. adimo, Lat.], revocation; a taking away of a specific legacy, i.e., if a testator, after having given a legacy of this nature by his will, alienate the … a portion on his or her marriage. See SATISFACTION. Means the destruction or extinction of a legacy or bequest by reason of a bequeathed asset's ceasing to be part of the estate at the time of the
abate
abated to make up the deficit. Under the Uniform Probate Code, property in the estate that is not specifically given under the will abates first, residuary devises abate second, general devises abate third, and specific devises abate … or value [the legacies abated proportionately] NOTE: A problem arises in estate law when the amount of the bequests and devises made in a will exceeds the assets available in the estate. In such a case, some
Trust
will unless by a testamentary or codicillary paper executed with the statutory formalities, but if a devise or bequest of the legal estate be accompanied with any mala fides in the devisee or legatee, as if there … inflicting a hardship on persons peculiarly entitled to protection, the voluntary agreement will in such a case be specifically executed, and see (English) Law of Property Act, 1925, s. 172 (3). The rule is to carry into
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