demonstrative legacy
demonstrative legacy see legacy

Merriam-Webster’s Dictionary of Law. . 1996.

demonstrative legacy
See legacy.

Collins dictionary of law. . 2001.


demonstrative legacy
England, Wales
A gift in a will that is not a gift of a particular asset in the testator's estate, but is to be paid for out of a particular asset. For example, "I give £100 from my current account with X bank to my nephew".
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


demonstrative legacy
A gift by will of money or other personal property that is to be paid to an heir from a fund designated in the provisions of the will but, in any event, is to be paid if there are sufficient available assets in the estate.

Dictionary from West's Encyclopedia of American Law. 2005.


demonstrative legacy
A gift by will of money or other personal property that is to be paid to an heir from a fund designated in the provisions of the will but, in any event, is to be paid if there are sufficient available assets in the estate.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • demonstrative legacy — ➔ legacy * * * demonstrative legacy UK US noun [C] LAW ► an amount of money, shares, etc. from a particular bank account that someone leaves in their will (= a legal document in which they state what should be done with their money and property… …   Financial and business terms

  • demonstrative legacy — A legacy which differs from a general legacy in that it refers to a particular fund or particular property as a primary source of payment, the two essentials of such a legacy being an unconditional gift in the nature of a general legacy and a… …   Ballentine's law dictionary

  • demonstrative legacy — noun : a legacy made payable out of a designated fund or asset …   Useful english dictionary

  • legacy — leg·a·cy / le gə sē/ n pl cies [Medieval Latin legatio, from Latin legare to bequeath]: a gift of property by will; specif: a gift of personal property by will: bequest see also ademption compare devise conjoint leg …   Law dictionary

  • demonstrative — I (expressive of emotion) adjective communicative, effusive, emotional, emotive, excitable, expressive, fanatical, fervent, feverish, fierce, fiery, free in expression, furious, histrionic, maudlin, overflowing, overwrought, passionate, prone to… …   Law dictionary

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

  • legacy — ▪ I. legacy leg‧a‧cy 1 [ˈlegəsi] noun legacies PLURALFORM [countable] 1. a situation that exists as a result of things that happened at an earlier time: • Hotels are in oversupply, a legacy of the last building boom. 2 …   Financial and business terms

  • legacy, demonstrative — n. A bequest of money that is to be paid out of a specific fund. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • demonstrative bequest — A testamentary gift which, by its terms, must be paid from a specific fund; e.g. bequest of one thousand dollars to be paid from testator s shares of stock in X Corporation. Hence, it is partly a general bequest and partly a specific bequest. See …   Black's law dictionary

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