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MINIMIS DICTIONARY

abatement of bequest

noun

Vietnamese meaning

sự hủy bỏ việc di tặng động sản

English legal defination

Abatement of bequest is the process of dividing the assets left by a testator upon his or her death among the numerous recipients mentioned in the will. It is done when it seems that such assets are insufficient to cover both the testator's obligations and the costs of administering his or her estate, as well as all of the legacies and devices specified in the will.

Example:

Abatement of bequest is the process of dividing the assets left by a testator upon his or her death among the numerous recipients mentioned in the will. It is done when it seems that such assets are insufficient to cover both the testator's obligations and the costs of administering his or her estate, as well as all of the legacies and devices specified in the will.

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