Testamentary bequest definition
Testamentary definition, of, relating to, or of the nature of a testament or will. See more.
Testamentary bequest definition free
Testamentary gift is a gift made by will. Such gifts do not become effective until the death of the donor. The ownership of the gift is transferred to the donee only after the testators death. There are two terms used to refer testamentary gifts, a devise and a bequest.
Translation for 'testamentary bequest' in the free EnglishPolish dictionary and many other Polish translations.
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 bequest can be a gift of real property if the testator's intention to dispose of real property is clearly demonstrated in the will. There are different types of bequests.
The word 'bequest' is a noun, a word for money or propertythat you give to someone after you die by a will; a word for athing.
A testamentary trustee is a distributee only to the extent of distributed assets or increments to them remaining in the trustees hands. A beneficiary of a testamentary trust to whom the trustee has distributed property received from a personal representative is a distributee.
TESTAMENTARY. Belonging to a testament; as a testamentary gift; a testamentary guardian, or one appointed by will or testament; letters testamentary, or a writing under seal given by an officer lawfully authorized, granting power to one named as executor to execute a last will or testament.
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