17:04
Barely nutty
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
money bequest
Read a random definition: positive testimony
A quick definition of money bequest:
A money bequest is when someone leaves money to someone else in their will. It's like a gift of money that is given after the person has passed away. There are different types of bequests, like a specific bequest for a certain item or a general bequest for a benefit. A money bequest is also called a pecuniary bequest or a monetary bequest.A more thorough explanation:
A money bequest, also known as a pecuniary bequest, is a type of testamentary gift in which the testator leaves a specific amount of money to a beneficiary in their will. This is a common type of bequest and is often used to provide for loved ones or to make charitable donations.
- John's will stated that he wanted to leave $10,000 to his daughter as a money bequest.
- Mary's will included a money bequest of $5,000 to her favorite charity.
In the first example, John is leaving a specific amount of money to his daughter as a way to provide for her after his passing. In the second example, Mary is using a money bequest to make a charitable donation to her favorite organization.