What are gifts made under a will called?

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Multiple Choice

What are gifts made under a will called?

Gifts left in a will to individuals are legacies. A legacy is a bequest made by a will, usually money but it can be other property as well, given to a named beneficiary. This fits the idea of “gifts made under a will” because it focuses on what the will provides to beneficiaries after the testator’s death. Endowments are gifts to institutions, not people; inheritances describe what someone receives from an estate rather than the act of leaving a gift by will; and bequest is a closely related term, but legacies is the common phrasing used in this context.

Gifts left in a will to individuals are legacies. A legacy is a bequest made by a will, usually money but it can be other property as well, given to a named beneficiary. This fits the idea of “gifts made under a will” because it focuses on what the will provides to beneficiaries after the testator’s death. Endowments are gifts to institutions, not people; inheritances describe what someone receives from an estate rather than the act of leaving a gift by will; and bequest is a closely related term, but legacies is the common phrasing used in this context.

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