Legacy
Related Category: Legal Terms and Concepts
bequest by will of personal property, similar in many respects to a gift causa mortis. A legacy ordinarily is distinguished from a devise, which transfers real property by will.
Legacy definition:
A gift of a chattel by will.
A gift of a chattel or an item of personal property by will.
Used interchangeaby with bequest.
Legacy
A gift or personal property in a will (to a legatee). A legacy may be: (1) specific (a gift of a specified thing e.g. "my gold wedding ring"); (2) demonstrative (a gift, in its nature general, ...
Legacy
(n) Legacy is the gift of money made to a person by a will executed by a deceased person. Though the term devise is used to represent gift of property, Legacy is also used to refer property gifted.
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Legacy?
What is the roman legacy?
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LEGACY - A gift of money or of personal property, title to which is passed under the terms of a will.
LEGACY
An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.
legacy
n. a gift of personal property or money to a beneficiary (legatee) of a will. While technically legacy does not include real property (which is a "devise"), legacy usually refers to any gift from the estate of one who has died.
LEGACY. A bequest or gift of goods or chattels by testament. 2 Bl. Com. 512; Bac. Abr. Legacies, A. See Merlin, RÇpertoire, mot Legs, s. 1; Swinb. 17; Domat, liv. 4, t. 2, §1, n. 1.
legacy In probate, a bequest of personal property by last will and testament.
LAPSED LEGACY
One which is extinguished. The extinguishment may take place for various reasons. See Legacy, Lapsed. 2. A distinction has been made between a lapsed... more ...
General legacy
Definition
: a legacy payable out of the general assets of the estate
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specific legacy
n. a gift in a will of a certain article or property to a certain...
specific performance
n. the right of a party to a contract to demand that the defendan...
This legacy from the past, which it was desired to preserve within reason, had to be combined and blended with the laws of the Revolution, which had wrought radical reforms in the conditions affecting the individual, the tenure of real property, ...
Legacy
A gift under a will.
Letters of administration
Official proof of the identity and appointment of people authorised to administer the estate of a person(s) who died without leaving a will.
Limitation clause ...
ADEMPTION: A cancellation of a legacy. It occurs when an action of the testator is interpreted as an intentional revocation of the legacy.
ADJUDICATE: To settle by judicial authority.
From the Latin meaning "to take away". This refers to a legacy that is extinguished by the testator by disposal of the property before his death. Property not in the possession of the testator at the time of death cannot be willed away.
Legatee: The recipient of a legacy; an individual who inherits something.
The biggest challenge before Cyber Law is its integration with the legacy system of laws applicable to the physical world.
Legatee: Also known as a beneficiary. Person named in a will to receive property. A legatee is a person to whom a legacy is given by a last will and testament.
Falsa demonstratione legatum non perimi. By erroneous description a legacy is not destroyed. A bequest is not to be held void because of innacurate language used in speaking of it. Broom, Max. 645.
to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, devise now applies to any kind of property left by will, making it identical to the term bequest. Compare: bequest, legacy ...
 See also: Person, Law, Will, Property, State
  
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