A general bequest refers to a provision in a will where a testator designates a specific amount of money or property to be given to a particular beneficiary. This type of bequest does not specify any particular item or asset, but rather a general sum or value. The executor of the will is responsible for ensuring that the bequest is fulfiled and that the designated beneficiary receives the intended amount.
A general bequest is a provision in a will that leaves a specific amount of money or a particular asset to a named beneficiary.
Yes, a general bequest can be made to multiple beneficiaries. The testator can specify how the bequest should be divided among them.
Yes, a general bequest can be changed or revoked at any time before the testator’s death. This can be done by creating a new will or by executing a codicil to the existing will.
If the testator does not have sufficient assets to fulfill the general bequest, the bequest may fail. In such cases, the beneficiaries may not receive the full amount or asset specified in the will.
Yes, a general bequest can be challenged in court if there are valid grounds, such as undue influence, lack of testamentary capacity, or fraud. It is advisable to consult with an attorney if you believe there are grounds to challenge a general bequest.
Yes, a general bequest can be made to a charity or organisation. Many individuals choose to leave a portion of their estate to charitable causes through general bequests.
Yes, a general bequest can be made to a minor. However, it is important to consider the legal implications and potential complications of leaving assets to a minor. It may be advisable to establish a trust or appoint a guardian to manage the bequest until the minor reaches a certain age.
Yes, a general bequest can be made to a non-family member. The testator has the freedom to choose any individual or entity as a beneficiary of their general bequest.
No, a general bequest cannot be made in a living will or power of attorney. These legal documents primarily deal with healthcare decisions and appointing someone to act on your behalf in case of incapacity.
Yes, a general bequest can be contested by a spouse or dependent if they believe they have not been adequately provided for in the will. In such cases, they may have legal grounds to challenge the bequest and seek a larger share of the estate.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
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