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 ?
Respondents who indicated it was important to leave a bequest for their children or step children were also asked how they would divide their assets among their children.
Condition of employment: Was the bequest conditioned on any employment-related metrics, such as workplace goals?
Intuitively, although delaying the purchase of life insurance can help individuals to determine the appropriate level of insurance, in concordance with their known bequest demand, one must still pay the extra insurance premium if one's demand turns out to be high.
IT may be a good time during this Make A Will Fortnight to remind anyone who may be considering leaving a charitable bequest of the work of the Huddersfield Common Good Trust.
Carter Bequest Hospital currently houses 140 community hospital beds, mainly used for rehabilitation following such events as strokes.
Donors set up a bequest when they work with their attorneys or legal advisors to draft their wills and without requiring any technical expertise on your part.
The bequest from Richard John Goodman will run into six figures, of which we have just received the first tranche.
Often bequests and donations will have specific criteria attached to them--eg a will may specify the bequest only go toward emergency grants.
An estimated $10 to $12 million bequest from the estate of the late Patty Boyd to the Allan Hancock College (Calif.
However, the final stage of the bequest has now been formally completed with the help of the Art Fund, which Sir Denis joined as a schoolboy in 1926.
ATLANTA * Because of a bequest from Joseph Mitchell, the late nephew of celebrated author Margaret Mitchell, the Atlanta archdiocese now owns 50 percent of the literary rights to her Pulitzer prize-winning, best-selling novel Gone With the Wind.