Bequest(redirected from legacy)
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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
bequestA gift of personal property made by will.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
A gift by will of personal property.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary