contingent bequest

contingent bequest
A legacy which is intended by the testator to vest only in the event and upon condition of the happening of a contingency named therein. If the time of payment merely be postponed, and it appears to be the intention of the testator that his bounty should immediately attach, the legacy is of the vested kind; but if the time be annexed to the substance of the gift, as a condition precedent, it is contingent, and not transmissible. Furness v Fox, 55 Mass 1 Cush 134; Magoffin v Patton (Pa) 4 Rawle 113, 116. See conditional legacy or devise.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • contingent legacy — See contingent bequest …   Ballentine's law dictionary

  • bequest — be·quest /bi kwest/ n: an act of bequeathing; also: something bequeathed: legacy de·mon·stra·tive bequest /di män strə tiv /: a bequest of a particular amount of money or property to be distributed first from one source in the estate and then… …   Law dictionary

  • bequest — /bakwest/ A gift (transfer) by will of personal property; a legacy. Disposition of realty in will is termed devise. See also charitable bequest demonstrative bequest devise general bequest legacy …   Black's law dictionary

  • bequest — /bakwest/ A gift (transfer) by will of personal property; a legacy. Disposition of realty in will is termed devise. See also charitable bequest demonstrative bequest devise general bequest legacy …   Black's law dictionary

  • contingent — /kantinjant/ Possible, but not assured; doubtful or uncertain; conditioned upon the occurrence of some future event which is itself uncertain, or questionable. Synonymous with provisional. This term, when applied to a use, remainder, devise,… …   Black's law dictionary

  • contingent — /kantinjant/ Possible, but not assured; doubtful or uncertain; conditioned upon the occurrence of some future event which is itself uncertain, or questionable. Synonymous with provisional. This term, when applied to a use, remainder, devise,… …   Black's law dictionary

  • executory bequest — The bequest of a future, deferred, or contingent interest in personalty …   Black's law dictionary

  • executory bequest — The bequest of a future, deferred, or contingent interest in personalty …   Black's law dictionary

  • legacy, contingent — n. A bequest that will take effect when and if a specified event occurs. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • conditional legacy or devise — A legacy or devise, the operative effect of which, by the terms of the will, is made dependent or contingent upon the occurrence of some uncertain event. 57 Am J1st Wills § 1503. See conditional limitation; conditional will; estate on condition;… …   Ballentine's law dictionary

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