Bequest

Bequest - A Bequest is a provision in a will or trust that designates the transfer of specific assets, property, or money to a particular beneficiary upon the death of the testator. It ensures that the intended recipients receive the designated items as part of the estate distribution.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/R3OI7nrib1LEPtUfn5G5CH
Label (rdfs): Bequest
Preferred Label: None
Alternative Labels: Estate Gift, Inheritance Gift, Inherited Bequest, Legacy, Testamentary Gift
Identifier: N/A

Definition and Examples

Definition: A Bequest is a provision in a will or trust that designates the transfer of specific assets, property, or money to a particular beneficiary upon the death of the testator. It ensures that the intended recipients receive the designated items as part of the estate distribution.
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Translations

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Class Relationships

Sub Class Of: Estate Planning Objectives
Parent Class Of: Residuary Bequest

Demonstrative Bequest

General Bequest

Conditional Bequest

Specific Bequest
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See Also: N/A

Additional Information

Comment: N/A
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Deprecated: False

Metadata

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