general legacy

general legacy
general legacy see legacy

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

general legacy
England, Wales
A gift in a will that is not a gift of a particular asset in the testator's estate, but is to be paid for out of the testator's estate. For example, "I give £100 to my nephew".
Related terms

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


general legacy
A monetary gift, payable out of the collective assets of the estate of a testator—one who makes a will —and not from a designated source.

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


general legacy
A monetary gift, payable out of the collective assets of the estate of a testator—one who makes a will —and not from a designated source.

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

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Look at other dictionaries:

  • general legacy — ➔ legacy * * * general legacy UK US noun [C or U] LAW ► an amount of money or other asset that is given to someone out of the general assets of a person who has died, rather than a particular named object or asset: »General legacies have priority …   Financial and business terms

  • general legacy — noun : a testamentary gift of tangible or intangible personal property not amounting to a bequest of specific money or of a particular thing and not identified by a description that sets it apart from all other assets of the same kind in the… …   Useful english dictionary

  • general legacy — A legacy designated primarily by quantity or amount, such as a gift of a stated amount of money, and which may be satisfied out of the general assets of the testator, without the necessity of delivering any particular chattel or fund to the… …   Ballentine's law dictionary

  • general legacy — unspecified assets bequeathed in a will …   English contemporary dictionary

  • 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 leg …   Law dictionary

  • general — gen·er·al / jen rəl, je nə / adj 1: involving, applicable to, or affecting the whole 2: involving, relating to, or applicable to every member of a class, kind, or group 3: not confined by specialization or limitation 4: relating to, determined by …   Law 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

  • 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

  • legacy — ▪ I. legacy leg‧a‧cy 1 [ˈlegəsi] noun legacies PLURALFORM [countable] 1. a situation that exists as a result of things that happened at an earlier time: • Hotels are in oversupply, a legacy of the last building boom. 2 …   Financial and business terms

  • legacy — /leg euh see/, n., pl. legacies. 1. Law. a gift of property, esp. personal property, as money, by will; a bequest. 2. anything handed down from the past, as from an ancestor or predecessor: the legacy of ancient Rome. 3. an applicant to or… …   Universalium

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