Download presentation
Presentation is loading. Please wait.
Published byHector James Modified over 9 years ago
2
1. Devise -- Gift of real property.
3
2. Bequest -- Gift of personal property.
4
Specific devise or bequest Ascertainable at time of will execution. “I leave my 1974 AMC Gremlin to X.”
5
Specific devise/bequest of a general nature Not ascertainable until time of death. “I leave my car to X.”
6
3. General gift – not sufficiently described to be specific Example = Legacy (gift of money)
7
4. Demonstrative gift Gift of money payable out of designated fund. “I leave $1,000 from my savings account at Frost Bank to X.”
8
4. Residuary Gift “Forgotten” items or Main gift
9
1. Private (non-charitable)
10
2. Charitable Relief of poverty Advancement of education Advancement of religion Promotion of health Governmental or municipal purposes
11
“[W]hen classifying bequests in a will, we must consider the testator’s intent by looking at the entire dispositive scheme rather than reaching an arbitrary determination based on ritualistic classification.”
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.