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[kevin oleary]
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Simple English definitions for legal terms
pecuniary bequest
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A quick definition of pecuniary bequest:
A pecuniary bequest is when someone leaves money to someone else in their will. It's like giving a gift of money after you die. There are other types of bequests too, like giving specific things or giving the rest of your stuff after debts and other gifts are paid. But a pecuniary bequest is just about money.A more thorough explanation:
A pecuniary bequest is a type of gift that is given through a will. It is a testamentary gift of money, also known as a legacy. This means that the person who wrote the will, also known as the testator, has left a specific amount of money to a person or organization.
- John's will stated that he wanted to leave $10,000 to his daughter, Mary. This is an example of a pecuniary bequest.
- When Sarah passed away, she left $5,000 to her favorite charity. This is also an example of a pecuniary bequest.
These examples illustrate how a pecuniary bequest is a specific amount of money that is left to a person or organization through a will. It is important to note that a pecuniary bequest is different from other types of bequests, such as a specific bequest which is a gift of a specific item of property, or a residuary bequest which is a gift of the remainder of the testator's estate.