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bequestthe is a term that refers to the act of leaving personal property or money to someone through a will. It is a common practice in estate planning, allowing individuals to distribute their assets according to their wishes after their death. A bequest can take many forms, including tangible items like jewelry or art, or intangible assets such as stocks or bonds. Monetary bequests are also frequent, specifying a particular sum of money to be given to a beneficiary.

The process of making a bequest involves drafting a legally valid will. This document outlines the testator's intentions for their estate, clearly identifying the beneficiaries and the specific assets they are to receive. It is crucial that the will is executed in accordance with the legal requirements of the jurisdiction to ensure its validity. Without a valid will, the distribution of assets may be subject to intestacy laws, which may not align with the deceased's desires.

Bequests are distinct from general legacies, which are gifts of a specific monetary amount, and specific devises, which are gifts of real property. A bequest typically refers to a gift of personal property. The executor of the will is responsible for carrying out the terms of the bequest, ensuring that the designated assets are transferred to the rightful beneficiaries. This process can involve valuation, probate, and the settlement of any outstanding debts or taxes of the estate. The intention behind a bequest is often to provide for loved ones, support charitable causes, or fulfill a personal desire to distribute wealth.