Legacy
Term · Law · MLC-T-LAW-002960
A gift of personal property made by will, distinct from a devise which is a gift of real property. The recipient of a legacy is known as a legatee. Legacies can be specific, general, demonstrative, or residuary, each with different implications for how they are satisfied from the estate.
| Identifier | MLC-T-LAW-002960 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002960",
"term": "Legacy",
"field": "Law",
"definition": "A gift of personal property made by will, distinct from a devise which is a gift of real property. The recipient of a legacy is known as a legatee. Legacies can be specific, general, demonstrative, or residuary, each with different implications for how they are satisfied from the estate.",
"url": "https://mlchart.com/terminology/law/legacy/"
}
Record 2,906 of 5,441 in Law terminology (MLC-0107). Request the full dataset.