bequest


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bequest:

see legacylegacy,
bequest by will of personal property, similar in many respects to a gift causa mortis. A legacy ordinarily is distinguished from a devise, which transfers real property by will. The person who receives a legacy is called a legatee. Legacies are of various types.
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bequest

Law a gift of property by will, esp personal property
References in periodicals archive ?
Although parents (68 per cent) were significantly more likely than non parents (51 per cent) to consider this type of bequest unimportant, that half of those without children still rated leaving provisions for organisations as unimportant is noteworthy (Table 3).
Ideally, in testamentary transfers, documentation can be made in the trust to help reinforce the intended tax treatment either as a bequest or as compensation to the employee.
As a result, long-term contracts can allow individuals to partially hedge their future preference risk by effectively transferring some wealth from future states where their bequest needs are low to states for which bequest needs are higher.
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.
Should BMAG, or any of the galleries benefiting from the bequest, introduce charges for admission or sell any of their collection (to raise cash to pay for maintenance bills or debts, for example), the Art Fund will be entitled to reclaim them.
The OCF's careful fund management over four decades is one of the reasons Fred entrusted the Foundation with this remarkable bequest.
Ashawna's generous bequest is one of only a small number of such gifts to the ACLU.
David Howard, Conwy's lifeboat operations manager, welcomed the bequest for the upkeep of the lifeboat and equipment.
According to a policy endorsed by Assembly Council in 2004, undesignated bequests siphon portions of the monies to the church's operating fund, a bequest stabilization fund, the colleges, and the five funds handled by the Life and Mission Agency.
The bequest will benefit Mr Robinson and his sistersGlynis and Rita, and has led to them researching a little-known side of their family tree.