Specific Legacy - Law Dictionary Search Results
specific legacy
Matched in: Term specific legacy
Specific legacy
Matched in: Term Specific legacy
Demonstrative legacy
Matched in: Term Demonstrative legacy
Keep your definitions linked to case research
legacy
Matched in: Term legacy
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 subject
Cumulative legacies
it does not so appear, the following rules of contruction have been laid down: (I.) If the same specific thing be bequeathed tweice to a legatee, whether by the same instrument or not, he is entitled to … In the construction of testamentary instruments, the question often arises, whether where a testator has twice bequeathed a legacy to the same person, the legatee is entitled to both, or only one of them; in other words,
Abatement
the legacies shall be equally paid, unless he expresses in his will a contrary intention. When there are specific and pecuniary legacies, and the assets are not sufficient to pay both, the specific have the preference, and … 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
residue
;specif : the part of a testator's estate remaining after the satisfaction of all debts, charges, taxes, and legacies other than residuary legacies
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. … recipient named in the will compare advancement NOTE: Only gifts that are characterized as specific devises, bequests, or legacies are subject to ademption.
Legacy
Matched in: Term Legacy
Try the research workspace - 7 days free