Bequest

A bequest is the act of giving (not the act of receiving) property by will. Strictly, "bequest" is used of personal property, and "devise" of real property. In legal terminology, "bequeath" is a verb form meaning "to make a bequest."

(From Old English becwethan, to declare or express in words; cf. "quoth".)

Read more about Bequest:  Interpreting Bequests, Explaining Bequests

Other articles related to "bequest, bequests":

Bequest - US Tax Consequences - For The Donor
... One reason that the recipient of a bequest is usually not taxed on the bequest is because the donor may be taxed on it ... Donors of bequests may be taxed through other mechanisms such as federal wealth transfer taxes ...
The Brunts School - History
... In 1709, Samuel Brunts left a bequest in order that local children could learn an honest trade ... The bequest and the school resulted in 40 boys and girls learning reading, writing and arithmetic by 1831 with the girls particularly studying needlework ... It was not until 60 years later that the school and the bequest were combined ...
Anson Greene Phelps - Death and Bequests
... This latter bequest I direct to be accompanied by my executors with this injunction-That each of my said grand-children shall consider the said bequest as a sacred deposit, committed to their ... I know this bequest is absolute and places the amount so given beyond my control but my earnest hope is that my wish may be regarded as I leave it, an obligation binding simply on their integrity and ...
Alfred Felton - Felton Bequest
... In his will, he established a philanthropic trust, known as the Felton Bequest ... The Bequest has been established to support culture and the community, with half the funding benefiting Victorian charities (particularly those that support women and children) and the other half used ... sold at auction, the proceeds being added to the Bequest ...