What is the definition of Demonstrative Legacy?

A gift by will of money or other PERSONAL PROPERTY that is to say to be paid to an descendant from a fund designated in the provisions of the will but, surrounded by any event, is to be paid if in attendance are sufficient available assets in the estate. A demonstrative bequest differs from a specific legacy, a offering of particular personal property by will. A demonstrative heritage is payable from the general assets of the estate that hold not been specifically devised or bequeathed if its designated source have been adeemed or no longer exists or if it is scarce to satisfy the grant.

In the case of a specific birthright the ADEMPTION of property revokes the gift completely so that the descendant receives nought. However, if the value of the payment has simply been reduced, the descendant receives the decrease value. Courts commonly interpret provisions of a will that appear to grant specific legacies of money or shares of stock as demonstrative legacies to avoid the consequences ... more.

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