9:32
[kevin oleary]
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LSDefine
Simple English definitions for legal terms
charitable bequest
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A quick definition of charitable bequest:
A charitable bequest is when someone leaves money or property to a charity in their will. It's like a gift to help the charity do good things for people or animals. There are other types of bequests too, like giving specific things to certain people or leaving the rest of your stuff to someone after you die. But a charitable bequest is when you want to help others even after you're gone.A more thorough explanation:
A charitable bequest is a type of bequest given to a philanthropic organization through a will. A bequest is the act of giving property, usually personal property, through a will.
For example, a person may leave a certain amount of money to a charity in their will. This is a charitable bequest. The charity will receive the money after the person's death.
Charitable bequests are a way for people to support causes they care about even after they are gone.