- Published on
KembaraXtra – Legal Terms – Pecuniary Legacy
A pecuniary legacy is a gift of money left to a beneficiary under a will.
The amount is usually fixed or specifically stated by the testator.
Unlike a specific legacy, it does not refer to a particular item of property.
If the estate lacks sufficient funds to satisfy all pecuniary legacies, they may abate proportionately.
Pecuniary legacies are governed by the rules of succession and probate law.
A pecuniary legacy is a gift of money left to a beneficiary under a will.
The amount is usually fixed or specifically stated by the testator.
Unlike a specific legacy, it does not refer to a particular item of property.
If the estate lacks sufficient funds to satisfy all pecuniary legacies, they may abate proportionately.
Pecuniary legacies are governed by the rules of succession and probate law.
0 Comments