Bequeathal
A bequeathal is the act of legally transferring property, money, or other possessions to another person or organization, typically after one's death, as specified in a will. It signifies the formal process of making a testamentary gift and is a cornerstone of estate planning, ensuring the distribution of assets according to the deceased's wishes. The term encapsulates the entire process, from the testator's intention to the beneficiaries' receipt of the inherited items. It differs from a donation or gift, as a bequeathal involves the legal formalities surrounding a will and the probate process. The object of a bequeathal is the legacy that is received.
Bequeathal meaning with examples
- The wealthy philanthropist made several generous bequeathals in her will, including a substantial sum to establish a scholarship fund. Her careful planning ensured that the beneficiaries, including her grandchildren, would be well-provided for after her passing. These carefully considered bequeathals reflected her desire to give back to her community and support education.
- Following his long and successful career, the writer’s significant estate was distributed through a detailed bequeathal, granting his rare book collection to the public library, which was his specific request. This was a large bequeathal, as the entire library was going to benefit, and this bequeathal made it official.
- Despite family disputes, the lawyer successfully navigated the complexities of the late artist’s intricate bequeathal, ensuring that her unique artwork was correctly displayed and distributed to all galleries. It had many issues, but they managed to take care of everything regarding the estate. The beneficiaries were now able to experience the final bequeathal.
- The organization received a significant bequeathal from a long-time supporter. The legacy was substantial. They announced this publicly, detailing how they would use the funds to expand their community outreach programs. This bequeathal ensured the programs' continuation for years to come, fulfilling the donor’s wish.
- The will listed all the bequeathals and they all received their fair share.
- The estate plan was written in an effort to avoid complex bequeathals.
- Her life insurance benefits provided her family with a sizable bequeathal.
- The bequeathal was meant to be a surprise for all of the beneficiaries.