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Legal Definitions - money bequest
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Definition of money bequest
A money bequest, also known as a pecuniary bequest, is a type of testamentary gift in which the testator leaves a specific amount of money to a beneficiary in their will. This is a common type of bequest and is often used to provide for loved ones or to make charitable donations.
- John's will stated that he wanted to leave $10,000 to his daughter as a money bequest.
- Mary's will included a money bequest of $5,000 to her favorite charity.
In the first example, John is leaving a specific amount of money to his daughter as a way to provide for her after his passing. In the second example, Mary is using a money bequest to make a charitable donation to her favorite organization.
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Simple Definition
The difference between ordinary and extraordinary is practice.
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