Question

A gift that is specified in a will as “I leave $5,000 in cash to my...

A gift that is specified in a will as “I leave $5,000 in cash to my son” is a

Multiple Choice

Demonstrative legacy.

Devise.

Residual legacy.

General legacy.

Specific legacy.

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Answer #1

General legacy or gifts are the gifts which do not necessitate the source from which the gift should come. General gifts hsve a definite value for the gift but the source of the gift is not mentioned. In the given case, the will says, 'I leave $5,000 in cash to my son' , which mentions the quantum of the gift i.e. $5000 but doesn't mention the source from which the said $5,000 should come. Hence, this is a general gift or general legacy.

Therefore, the correct answer is General Legacy.

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