Legal Dictionary
Main Entry:
leg·a·cyPronunciation:
'le-g&-sEFunction:
nounInflected Form:
plural -ciesEtymology: Medieval Latin
legatio, from Latin
legare to bequeath
: a gift of property by will;
specifically : a gift of personal property by will
: BEQUEST —see also
ADEMPTION —compare
DEVISE
conjoint legacy in the civil law of Louisiana : a legacy by a single disposition to more than one legatee or of indivisible property to more than one legatee
de·mon·stra·tive legacy /di-'män-str&-tiv-/ : a legacy payable from a designated fund or asset or from the general assets of the estate to the extent the specified fund or asset fails to satisfy the legacy
general legacy : a legacy payable out of the general assets of the estate
legacy under a universal title in the civil law of Louisiana : a legacy that consists of a specified proportion (as one-half), a specified type (as movables), or a specified proportion of a specified type of the testator's property
par·tic·u·lar legacy in the civil law of Louisiana : any legacy that is not a universal legacy or a legacy under a universal title called also
legacy under particular title
residuary legacy : a legacy that consists of all of the testator's estate which has not been distributed through other legacies or charges upon the estate
specific legacy : a legacy payable only from a specific fund or asset in the estate
uni·ver·sal legacy in the civil law of Louisiana : a legacy by which a testator gives to one or more legatees all of his or her property at the time of death