Black`s Law Dictionary Bequest

There are different types of inheritances. A charitable bequest is a gift intended to serve a general religious, educational, political or social purpose for the benefit of humanity and is addressed to the community or a particular segment of it. Charitable bequests also reduce the inheritance tax that could be due on the estate left by a deceased person. A general bequest is a gift of money or other property that can be paid or deducted from the general assets of the deceased and not from a specific fund determined by the terms of the will. A demonstrative inheritance is a gift of money that must be paid from a specific source, such as a specific bank account or the sale of shares in a particular company. Strictly speaking, a “motto” (verb: “to invent”) is a testamentary gift of immovable property (unmideable property), the beneficiary of which is called “devisee”. On the other hand, an “inheritance” (verb: “bequeath”) generally refers to a testamentary gift of personal property (movable property), often without money. In modern American language, “conceive” is used to refer to a testamentary gift of real and personal property, although the distinction between “conceive” and “bequest” remains largely in British language. “Inheritance” is also a gift by will, especially of personal property and often money, with the beneficiary of a bequest known as a “legatee”.

And, of course, inventions, inheritances, and inheritances can also be called “testamentary gifts.” A gift of personal property in a will; an inheritance. A particular inheritance is an inheritance in which the testator hands over to the legatee all his property of a particular class or type; than all his pure personality. A remaining bequest is a gift of the entire remaining personal estate of the testator, after settlement of debts and legacies, etc. A testamentary inheritance is the inheritance of a future, deferred or conditional interest in the personality. A conditional inheritance is an inheritance whose effectiveness or continuation depends on the occurrence or non-occurrence of a particular event. Mitchell v. Mitchell, 143 Ind. 113, 42 N. E. 465; Farnam vs. Farnam, 53 Conn.

261, 2 AO. 325, 5 Atl. 682; Merrill v. College, 74 Wis. 415, 43 N. W. 104. The procedure that is performed when there is not enough money in an estate to deal with all debts and inheritances. LEGACY. A gift by will or will; an inheritance. (Q.

V.) This word is sometimes used, although wrongly, as a synonym for currency. However, there is a difference between them. A bequest applies more correctly to a testamentary gift of a bequest, that is, personal property; The currency is actually a gift by will of real estate. Empty currency. An inheritance is not the same as a device (a testamentary gift of real estate), although the terms are often used interchangeably. In this case, a bequest may be a gift of real estate if the testator`s intention to dispose of real estate is clearly demonstrated in the will. Translators of English-language wills are often confused by the phrase “I give, conceive, and bebiath,” which is used to specify how a testator`s estate should be divided after his or her death. Is the expression redundant or would one of the three verbs really suffice? (Image: Website of Sánchez-Gago, Vieira & Gallego Abogados, León, Spain) * This may be due in part to the fact that the Uniform Homologation Code of the United States uses “design” to refer to both real and personal property.

Sections 1-201 General Definitions (10) state: “A will, when used as a name, means a testamentary disposition of immovable or personal property and, if used as a verb, the sale of immovable or personal property by will.” Black`s Law Dictionary notes that although “designing” traditionally refers to gifts of real estate, in American parlance, a disposition of any property by will is a “device.” A gift of personal property, such as money, shares, bonds or jewellery, that is in the possession of a deceased person at the time of death and that is determined by the provisions of the deceased`s will; an inheritance. n. the gift of personal property under a will. Inheritances are not always direct, but can be “conditional” when an event (such as marriage) occurs or does not occur, or “enforceable” when the gift depends on a future event. Bequests can come from certain assets or “arrears” (what remains after certain donations have been made). (See: Will, Inheritance) Powered by Black`s Law Dictionary, Free 2nd ed. and The Law Dictionary. Giving personal property to others in their will. Lasher vs. Lasher, 13 Barb. (N.

Y.) 106. This word is the correct term for a testamentary gift of personal property, using the word “currency” in relation to real estate; However, if the context clearly shows the testator`s intention to use the word as a synonym for “money”, it can be assumed that it is real estate. Dow vs. Dow, 36 Me. 216; Borg- ner vs Brown, 133 Ind. 391, 33 N. E. 92; Logan vs. Logan. 11 Kolo. 44, 17 Pac. 99; Laing v.

Barbour, 119th Fair 525; Plaice v. Schoile, 113 N. Y. 261, 21 N. E. 84; In re Fetrow`s Estate, 58 Pa. 427; Ladd v. Harvey, 21 N. H. 528; Evans vs. Price, 118,111. 593, 8 N.

E. 854. a bequest of a particular property or movable property to a particular person, which is described in detail in a will.