bequest - Hutchinson encyclopedia article about bequest Printer Friendly
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legacy
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legacy

In law, a gift of personal property made by a testator in a will and transferred on the testator's death to the legatee. Specific legacies are definite named objects; a general legacy is a sum of money or item not specially identified; a residuary legacy is all the remainder of the deceased's personal estate after debts have been paid and the other legacies have been distributed.



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