Bequest


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Bequest

Property left to an heir under the terms of a will.

Bequest

In wills and estates, the gift of part of the estate to a beneficiary. A bequest may be real estate or personal property. For example, if a decedent wishes her son to have her house and her daughter to have the family jewels, then each of these is specified in the decedent's will. In this case, the house and the family jewels are separate bequests. See also: Codicil.

bequest

A gift of personal property made by will.

Bequest

A gift by will of personal property.
References in periodicals archive ?
Eligibility and criteria for The Marten Bequest and Askin Bequest scholarships can be found on the Australia Councils website.
Proactive and early discussions can ensure a better-crafted and therefore better-followed bequest restriction.
We believe that all retirees should incorporate a bequest goal into their planning.
Bequests can have a huge impact for an organization like ours and leave a living legacy for the future.
A gift or bequest of a partial or terminable interest in property made to a covered expatriate's spouse is excepted from the tax only to the extent it is qualified terminable interest property (QTIP) under Sec.
When deciding how to distribute their assets, most respondents did not believe it was important to leave a bequest to organisations to recognise support, companionship, or the provision of assistance (see Table 2).
Agreements: Was there an agreement between the employer and the employee that the bequest would be made, thereby inducing the employee into any employment-related behavior, such as staying with the employer?
We consider the design of a long-term life insurance contract that can help to partially insure the risk of possibly having a high bequest need in the future.
Chairman of the CCG Dr Henry Waters added: "Having worked at Carter Bequest since 1977, I can say it has been a lovely little hospital.
This year, NERF's income was affected by both bequests with specific criteria and the global financial crisis.
An estimated $10 to $12 million bequest from the estate of the late Patty Boyd to the Allan Hancock College (Calif.