FOLIO Ontology

Demonstrative Bequest

IRI:
https://folio.openlegalstandard.org/RBgbDi79oDGxVYXpQrVf2PW
Preferred Label N/A
Alternative Labels
Fund-Designated Bequest Source-Specified Bequest

Definition

A Demonstrative Bequest is a provision in a will or trust that designates a specific monetary amount or asset to be paid or distributed from a particular source within the estate. This type of bequest combines elements of both specific and general bequests, specifying the source while also ensuring a fixed amount is given to the beneficiary.

Class Relationships

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Additional Information

Metadata

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Editorial Information

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Identifier

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Source and Origin

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