Webbequest: A gift of Personal Property , such as money, stock, bonds, or jewelry, owned by a decedent at the time of death which is directed by the provisions of the decedent's will; a legacy. A bequest is not the same as a devise (a testamentary gift of real property) although the terms are often used interchangeably. When this occurs, a ...
Web12/12/2021 · Bequest: The act of giving personal property or money such as stocks, bonds, jewelry and cash left to an individual or organization through the provisions of a will or estate plan. Bequests can be ...
Webbequest. ( bɪˈkwɛst) n. 1. a. the act of bequeathing. b. something that is bequeathed. 2. (Law) law a gift of property by will, esp personal property. Compare devise 4, devise 5.
Web07/01/2022 · Types of Bequests. A bequest is the personal property gifted to beneficiaries through the terms of a will when the original owner dies. A bequest can be cash, stocks, bonds, jewelry or other personal items, but not real estate. When real estate is given to another person through a will or trust, it’s known as a devise. There are four distinct …
WebBritannica Dictionary definition of BEQUEST. [count] : the property or money that you promise in your will to give to another person or organization after you die. He made a bequest of his paintings to the museum.
Web09/12/2016 · Bequest definition: A bequest is money or property which you legally leave to someone when you die. | Meaning, pronunciation, translations and examples
WebSpecific Bequests. Residuary Bequests. Demonstrative Bequests. Percentage Bequests. Contingent Bequests. 1. General Bequests. A general bequest describes a gift of a specific dollar amount, rather than a particular asset or property, made to someone through your Will.