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term:

Bequest

bequest n

: an act of bequeathing
;also
: something bequeathed
: legacy

de·mon·stra·tive bequest
[di-mÄ n-strə-tiv-]
: a bequest of a particular amount of money or property to be distributed first from one source in the estate and then from other sources to the extent that the first is insufficient

general bequest
: a bequest that is to be distributed from the general assets of the estate and that is not a particular thing

spe·ci·fic bequest
[spə-si-fik-]
: a bequest of a particular item or part of an estate or that is payable only from a specified source in the estate and not from the general assets

Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.
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