GENERAL LEGACY

GENERAL LEGACY

GENERAL LEGACY

GENERAL LEGACY

A monetary gift, payable out of the collective assets of the estate of a testator—one who makes a will —and not from a designated source.
Unlike a specific legacy, a general legacy is
not subject to ADEMPTION, extinction that
results when a testator revokes his or her inten-
tion to leave designated property to another
either by altering the property or removing it

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