What happens if I leave a specific bequest to my daughter?

What happens if I leave a specific bequest to my daughter?

If you leave $90,000 to your daughter in a specific bequest and leave everything else to your son, most Wills require that the expenses of the estate administration be paid out of the residuary. This may be fine if your son is getting more than your daughter, but what if it’s the same or less?

What makes a bequest a general bequest?

A general bequest is a gift of a specific amount, made to a specific person. This is considered a general bequest because only the value of the property is relevant, not its source.

Where do I put my money for a general bequest?

I give all of my money in Bank Account number #1 at Big Bank, to my daughter, Samantha Smith. A general bequest is a gift of a specific amount, made to a specific person. This is considered a general bequest because only the value of the property is relevant, not its source.

Can a conditional bequest be left in a will?

Bank of Portland v. Snodgrass, 202 Or. 530 (1954).) If you want to leave conditional bequests, take a lesson from these cases. First of all, consult an experienced lawyer to find out what your state’s courts have decided about the kind of condition you want to impose. Second, be as specific as you can about the requirements for inheritance.

How does a bequest work in a will?

A bequest is a gift made through a will. When you include specific bequests in this document, you identify the particular piece of real property or item of personal property and the individual to whom you wish to give the property.

If you leave $90,000 to your daughter in a specific bequest and leave everything else to your son, most Wills require that the expenses of the estate administration be paid out of the residuary. This may be fine if your son is getting more than your daughter, but what if it’s the same or less?

I give all of my money in Bank Account number #1 at Big Bank, to my daughter, Samantha Smith. A general bequest is a gift of a specific amount, made to a specific person. This is considered a general bequest because only the value of the property is relevant, not its source.

Which is an example of a general bequest?

A general bequest is a gift of a specific amount, made to a specific person. This is considered a general bequest because only the value of the property is relevant, not its source. An example of a general bequest is: I leave $10,000 to my niece, Jody Smith.