ademption

ademption
The extinction or satisfaction of a legacy by some act of the testator, which indicates either a revocation or an intention to revoke the bequest. American Trust & Banking Co. v Balfour, 138 Tenn 385, 198 SW 70, 57 Am J1st Wills § 1580. The practical nullification of a general legacy by the act of the testator, subsequent to the will, in paying money or transferring property to the legatee with the intent that the benefit conferred shall be applied on or substituted for the legacy. Anno: 26 ALR2d 14. The foregoing definitions are subject to extension, since it is clear that an ademption of a testamentary bequest may occur by reason of the destruction or extinction of the subject matter without the agency of the testator, as by the death of an animal bequeathed by the will, in which case an ademption may occur without testatorial intention. 57 Am J1st Wills § 1580. Where a legacy of stocks, bonds, or other corporate securities are not in the estate of the testator at the time of his death, the general rule is that the bequest is adeemed. Anno: 117 ALR 811.

Ballentine's law dictionary. . 1998.

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  • ademption — ademp·tion /ə demp shən/ n [Latin ademptio, from adimere to take away, from ad to + emere to buy, obtain] 1: the revocation of a gift in a will inferred from the disposal (as by sale) of the property by the maker of the will before he or she dies …   Law dictionary

  • Ademption — is a term used in the law of wills to determine what happens when property bequeathed under a will is no longer in the testator s estate when the testator dies. For devises of specific items of property, called specific gifts, the property is… …   Wikipedia

  • ademption — ⇒ADEMPTION, subst. fém. DR. ANC. ,,Révocation d un legs, d une donation. (LITTRÉ). Rem. 1. Noté comme ,,peu usité par Ac. 1835, Ac. 1878, Ac. t. 1 1932 et vieilli par DG. 2. Lar. 19e, Lar. 20e et Lar. encyclop. sont les seuls à donner un autre… …   Encyclopédie Universelle

  • Ademption — A*demp tion ([.a]*d[e^]mp sh[u^]n), n. [L. ademptio, fr. adimere, ademptum, to take away; ad + emere to buy, orig. to take.] (Law) The revocation or taking away of a grant, donation, legacy, or the like. Bouvier. [1913 Webster] …   The Collaborative International Dictionary of English

  • ademption — ADEMPTION. s. fém. Terme de Jurisprudence. Révocation d un legs, d une donation, etc …   Dictionnaire de l'Académie Française 1798

  • ademption — [ə demp′shən] n. [< L ademptio, a taking away < adimere, take away < ad , to + emere, take, buy: see REDEEM] Law the extinction of a legacy by, or inferred from, an act of the testator before death, as by the disposal of the bequeathed… …   English World dictionary

  • ademption — /euh demp sheuhn/, n. Law. the failure of a legacy because the subject matter no longer belongs to the testator s estate at death. [1580 90; < L ademption (s. of ademptio) a taking away, equiv. to adempt(us) (ad AD + em(p) , s. of emere to take + …   Universalium

  • ademption — əˈdem(p)shən, aˈ noun ( s) Etymology: Latin ademption , ademptio, from ademptus (past participle of adimere to take away, from ad + imere, from emere to buy, obtain) + ion , io ion more at redeem : revocation or satisfaction of a property… …   Useful english dictionary

  • ademption by satisfaction — When a person bequeaths specific property through a will and then gives that property to the beneficiary while still living. (See also: ademption) Category: Wills, Trusts & Estates → Wills Nolo’s Plain English Law Dictionary. Gerald N. Hill,… …   Law dictionary

  • ademption by extinction — n. An ademption of some specific or unique property that occurs when the property is destroyed, given away, or sold or does not otherwise exist at the time of the testator s death. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

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