Wills, Estates & Probate

Specific Gift

Also known as: bequest, legacy

In plain English

A particular item or sum of money left to a named person in a will, such as 'my car' or '$10,000 to my sister'.

What it means

A specific gift is a defined item or amount given to a beneficiary under a will. A gift of personal property (such as jewellery or a car) is often called a bequest or legacy, while a gift of real estate is traditionally called a devise. If the specific item no longer exists at the date of death, the gift may fail through ademption. If the named beneficiary dies before the will-maker, the gift may lapse unless the will or anti-lapse legislation provides otherwise.

How it's used

Under a specific gift in his will, his record collection went to his daughter and $5,000 went to a charity.

Dealing with specific gift in real life?

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