Question
The terms of a will currently undergoing probate are: A gift to my brother David of $25,000 cash; to my son James, $50,000 from my
The terms of a will currently undergoing probate are: "A gift to my brother David of $25,000 cash; to my son James, $50,000 from my savings account; and to my Daughter Lila, all of my remaining property." At the time of death, the balance in the savings account was $40,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $70,000.
The gift to David is a
- A.general legacy.
- B.specific legacy.
- C.demonstrative legacy.
- D.residual legacy.
- E.devise.
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
