legacy

legacy
leg·a·cy /'le-gə-sē/ n pl -cies [Medieval Latin legatio, from Latin legare to bequeath]: a gift of property by will; specif: a gift of personal property by will: bequest see also ademption compare devise
conjoint legacy in the civil law of Louisiana: a legacy by a single disposition to more than one legatee or of indivisible property to more than one legatee
de·mon·stra·tive legacy /di-'män-strə-tiv-/: a legacy payable from a designated fund or asset or from the general assets of the estate to the extent the specified fund or asset fails to satisfy the legacy
general legacy: a legacy payable out of the general assets of the estate
legacy under a universal title in the civil law of Louisiana: a legacy that consists of a specified proportion (as one-half), a specified type (as movables), or a specified proportion of a specified type of the testator's property
par·tic·u·lar legacy in the civil law of Louisiana: any legacy that is not a universal legacy or a legacy under a universal title – called also legacy under particular title;
residuary legacy: a legacy that consists of all of the testator's estate which has not been distributed through other legacies or charges upon the estate
specific legacy: a legacy payable only from a specific fund or asset in the estate
uni·ver·sal legacy in the civil law of Louisiana: a legacy by which a testator gives to one or more legatees all of his or her property at the time of death

Merriam-Webster’s Dictionary of Law. . 1996.

legacy
I noun bequeathal, bequest, bestowal, conferment, dispensation, disposition, disposition of personalty, dotation, endowment, gift by will, gift of property by will, grant, heritance, impartment, inheritance, legatum, testamentary gift associated concepts: absolute legacy, alternate legacy, charitable legacy, conditional legacy, contingent legacy, cumulative legacy, demonstrative legacy, general legacy, indefinite legacy, lapsed legacy, pecuniary legacy, residuary legacy, special legacy, specific legacy II index benefit (conferment), bequest, claim (right), dower, estate (hereditament), gift (present), grant, heritage, inheritance, will (testamentary instrument)

Burton's Legal Thesaurus. . 2006


legacy
n.
A bequest; money or property left to someone by a will.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


legacy
a gift of personal (as opposed to real) property by will. Legacies may be specific, general or demonstrative. A specific legacy is a gift of some ascertained item or thing forming part of the testator's estate that, by its description, is distinguished from the mass of his personal estate. A general legacy is a gift that is not so separated from the general mass of the testator's personal estate; thus, a pecuniary legacy is a general legacy. A demonstrative legacy is a pecuniary legacy payable out of a particular fund. A gift of real property by will is referred to as a devise.

Collins dictionary of law. . 2001.


legacy
A gift of personal property to a beneficiary of a will. Technically, legacy does not include gifts of real estate, but the term is often used to refer to any gift from the estate of someone who has died. The more common term for legacy is bequest. (See also: devise)
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

legacy
England, Wales
A gift to someone in a will. A legacy can be general (general legacy, specific (specific legacy) or demonstrative (demonstrative legacy).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


legacy
n. A grant by will of personal property or of money.
@ alternate legacy
A legacy in which the recipient is given a choice among various items.
@ contingent legacy
A legacy that depends on an event that has not yet occurred.
=>> legacy.
@ demonstrative legacy
A legacy paid from a particular source if there are sufficient funds.
@ general legacy
A legacy from the assets or proceeds of an estate, paid in cash or in fungible personal property, such as stock.
@ residuary legacy
A bequest of all property not specifically mentioned in will.
+residuary legacy
n. The remaining estate after all claims against the estate and specific legacies, except those authorized by the residuary clause, have been satisfied.
@ specific legacy
A legacy that consists of a piece of property that is clearly distinguishable and separable from the remainder of the property that forms the estate of the testator.
=>> legacy.
@

Webster's New World Law Dictionary. . 2000.


legacy
A disposition of personal property by will.

Dictionary from West's Encyclopedia of American Law. 2005.


legacy
A disposition of personal property by will.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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. It is synonymous with the word "bequest."
   See also: beneficiary, bequest, legatee, will

Law dictionary. . 2013.

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Look at other dictionaries:

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  • legacy — late 14c., body of persons sent on a mission, from O.Fr. legatie legate s office, from M.L. legatia, from L. legatus ambassador, envoy, noun use of pp. of legare appoint by a last will, send as a legate (see LEGATE (Cf. legate)). Sense of… …   Etymology dictionary

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  • legacy — [leg′ə sē] n. pl. legacies [ME legacie < OFr < ML legatia < L legatus: see LEGATE] 1. money or property left to someone by a will; bequest 2. anything handed down from, or as from, an ancestor ☆ 3. a student applying or admitted to a… …   English World dictionary

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

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