Jump to content

Testamentary disposition

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Siddesai18 (talk | contribs) at 18:37, 14 June 2020 (→‎See also). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

A testamentary disposition is any gift of any property by a testator under the terms of a will.

Types

Types of testamentary dispositions include:

  • Gift (law), assets that have been legally transferred from one person to another
  • Legacy, testamentary gift of personal property, traditionally of money but may be real or personal property
  • Life estate, a concept used in common and statutory law to designate the ownership of land for the duration of a person's life
  • Demonstrative legacy, a gift of a specific sum of money with a direction that is to be paid out of a particular fund

See also

References