FOLIO Ontology

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General Bequest

IRI:
https://folio.openlegalstandard.org/RCpl1tMWPbEplg0P6GxQaLs
Preferred Label N/A
Alternative Labels
General Testamentary Gift

Definition

A General Bequest is a provision in a will or trust that designates a fixed amount of money or quantity of assets to a beneficiary without specifying the exact source from which these assets should be drawn. It ensures the beneficiary receives the specified value or amount from the overall estate.

Class Relationships

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Children 0

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Additional Information

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Editorial Note

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Deprecated

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