15:20
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Simple English definitions for legal terms
bequeathal
Read a random definition: Pecuniary
A quick definition of bequeathal:
Bequeathal is when someone gives away their personal property through a will. This is also called a bequest. There are different types of bequests, such as giving money, specific items like furniture, or the remainder of the estate after debts and other gifts have been paid. Sometimes people give to charities in their will, which is called a charitable bequest. A bequest can also have conditions, like giving money to a daughter until she gets married.
A more thorough explanation:
Definition: Bequeathal is the act of giving property, usually personal property, through a will. It is also known as a bequest.
Examples:
- Charitable bequest: A person leaves a sum of money to a charity in their will.
- Conditional bequest: A person leaves their car to their son, but only if he graduates from college.
- Demonstrative bequest: A person leaves their antique clock to their niece, but only if it is still in their possession at the time of their death.
- General bequest: A person leaves a sum of money to their best friend.
- Pecuniary bequest: A person leaves $10,000 to their daughter.
- Residuary bequest: A person leaves the remainder of their estate to their spouse after all debts and specific bequests have been paid.
- Specific bequest: A person leaves their wedding ring to their granddaughter.
These examples illustrate the different types of bequests that can be made in a will. They show how a person can leave specific items or sums of money to certain people or organizations, and how the distribution of their estate can be structured.