Testamentary disposition
Appearance
This article relies largely or entirely on a single source. (August 2007) |
Wills, trusts and estates |
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Part of the common law series |
Wills |
Sections Property disposition |
Trusts |
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Governing doctrines |
Estate administration |
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Other common law areas |
A testamentary disposition is any gift of any property by a testator under the terms of a will.
Types
[edit]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,[1] 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
[edit]References
[edit]- ^ Home Reversions and their place in the market Archived 2015-03-25 at the Wayback Machine Chris Prior. Mortgage Introducer 18 February 2014. Retrieved 2015-03-12