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 ?
She also confirmed that the pounds 10,000 'bequest' was never paid.
The individual maximises this objective function subject to a budget constraint, to liquidity constraints as well as to gift and bequest non-negativity constraints.
Bequest taxes help to reduce inequality, yet additional regulation is needed
But on March 31, 2015, after 89 years of caring for the people of Middlesbrough, Carter Bequest closed its ward doors for the final time.
Perpetual National Manager Philanthropy and Non Profit Services, Caitriona Fay, said: Through the Marten Bequest Scholarships, and now also through the scholarships established by Sir Askin and his wife, Lady Mollie Isabelle, many Australian artists have been given the opportunity to pursue their passion in the Arts.
Critique: Enhanced with more than 190 flawlessly produced images of their artwork, "The Samstag Legacy: An Artist's Bequest" is exceptionally well written, organized and presented, making it a highly prized and unreservedly recommended addition to personal, community, college, and university library Contemporary Art History collections and supplemental studies reading lists.
This article discusses items CPAs and their clients should consider to better protect donor-restricted bequests. It uses the experiences from the restricted bequest made by the Othmers to LICH as an example of what can happen to restricted bequests without strong protections.
But retirees face another legitimate financial planning risk: the risk of failing to achieve one's legacy goals, or the bequest risk.
* The Jane Bibber Bequest has fueled one branch's local activism for many years.
Robert's murder, his mysterious wealth, and his inexplicable bequest make Nicole a target for the police, the paparazzi, and the killer.
citizen or resident who receives a covered gift or bequest. "Covered gift" means any property acquired by gift directly or indirectly from an individual who is a covered expatriate at the time the property is received by a U.S.
Taken together, the individual labor-leisure and intended bequest decisions in the last period of life show that the optimal labor supply and optimal intended bequests for age s = E + S are each functions of individual savings, total bequests received, and the prices in that period: [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII].