BEQUEST

bequest (bi-kwest), n.1. The act of giving property (usu. personal property) by will. [Cases: Wills  1. C.J.S. Wills §§ 1, 3, 174.] 2. Property (usu. personal property other than money) disposed of in a will. — Also termed bequeathal (bi-kwee-th<<schwa>>l). Cf. DEVISE; LEGACY.

charitable bequest.A bequest given to a philanthropic organization. See CHARITABLE

ORGANIZATION. [Cases: Charities  4. C.J.S. Charities §§ 3–4.]

conditional bequest.A bequest whose effectiveness or continuation depends on the occurrence or nonoccurrence of a particular event. • An example might be a testator’s gift of “the income from the farm to my daughter, Betty, until she remarries.” If a condition prohibits certain legal conduct, such as using tobacco or growing a beard, it is sometimes termed a reformation condition or character-improvement condition. [Cases: Wills  639–668. C.J.S. Wills §§ 1380–1424.]

demonstrative bequest.A bequest that, by its terms, must be paid out of a specific source,

such as a stock fund. [Cases: Wills  755. C.J.S. Wills §§ 1664, 1667–1677, 1679–1683.]

executory bequest.A bequest of a future, deferred, or contingent interest in personal property.

[Cases: Wills  625. C.J.S. Wills §§ 1314–1317, 1319.]

 

general bequest. 1. A bequest of a general benefit, rather than a particular asset, such as a gift of money or a gift of all the testator’s stocks. 2. A bequest payable out of the general assets of the estate. [Cases: Wills  756. C.J.S. Wills §§ 1663, 1667–1677, 1679–1683.] monetary bequest.See pecuniary bequest. money bequest.See pecuniary bequest.

pecuniary bequest.A testamentary gift of money; a legacy. — Also termed monetary bequest;

money bequest. [Cases: Wills  566, 567. C.J.S. Wills §§ 1141, 1143–1147.] remainder bequest.See residuary bequest.

residuary bequest.A bequest of the remainder of the testator’s estate, after the payment of the debts, legacies, and specific bequests. — Also termed remainder bequest. [Cases: Wills  586.

C.J.S. Wills §§ 1176–1179, 1184.]

specific bequest.A bequest of a specific or unique item of property, such as any real estate or

a particular piece of furniture. [Cases: Wills  753. C.J.S. Wills §§ 1662, 1667–1677, 1679–1683.][Blacks Law 8th]