For example, a person might include a specific bequest in their will like this: "I bequeath my antique pocket watch to my nephew, John Smith." In this case, the antique pocket watch is the specific item being bequeathed, and John Smith is the named beneficiary who will receive the watch upon the testator's passing.
21 авг. 2023 г.
As you might have guessed already, specific bequests describe a provision in which you allocate specific assets to a beneficiary. It could be a piece of jewelry ... |
A specific bequest is a gift you make of a particular item or sum of money ... Example: “I leave the remainder of my estate to my husband.” Make and ... |
For example, John bequeathed his house at 123 Property Street to his daughter Lela. Problems arise during probate when a will contains gifts that are not ... |
For example, if you intend to bequeath your car to your sister, Maggie Smith, make sure your Will reads, "I hereby bequeath my car, a 2007 Chevrolet HHR, to ... |
Note that the specific bequest will generally take precedence over the residuary. Thus, in this example, Benjamin Franklin will be paid $5,000 from the estate ... |
EXAMPLE: Douglas made the following bequests in his will: “to my niece, Dana, my home at 78 Winters Court”; “to my nephew, Alistair, my Rolex watch”; “to my ... |
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Specific Bequest-A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount ... |
For example, a person leaves “100 shares of my Apple, Inc. stock to my daughter, Kathryn.” What happens if at the time of death, the decedent or his or her ... |
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