demonstrative legacy

Definition of "demonstrative legacy"
  1. A bequest or gift in a will that can be fulfilled either by a designated asset or fund or from the overall assets of the deceased's estate if the specific asset or fund isn't sufficient enough
How to use "demonstrative legacy" in a sentence
  1. The will stated that the recipient would receive a demonstrative legacy, taken either from the shares in the company or the general estate if those shares were not adequate.
  2. A demonstrative legacy was granted to the heir, specifying that it could be paid from either the family heirloom or the other assets of the estate.
  3. The demonstrative legacy, as described in the will, indicated that the legacy could be paid out from a particular property or other assets of the deceased.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z