Legal Definitions - universal legacy

A universal legacy is a type of legacy that is given by a person through their will. It refers to the gift of all or a portion of the testator's estate to a person or group of people. This type of legacy is not limited to personal property or money, but can include any assets that the testator owns.

• John's will states that his entire estate will be left to his wife, Mary.
• Susan's will states that her estate will be divided equally among her three children.

In the first example, John has left a universal legacy to his wife, Mary, which means that she will inherit all of his assets. In the second example, Susan has left a universal legacy to her three children, which means that they will inherit an equal share of her estate.

Overall, a universal legacy is a way for a person to ensure that their assets are distributed according to their wishes after they pass away.