Testamentary disposition

Updated on Oct 11, 2024

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A testamentary disposition is any gift of any property by a testator under the terms of a will.

Types

Types of testamentary dispositions include:

Gift (law), assets that have been legally transferred from one person to another

Legacy, testamentary gift of personal property, traditionally of money but may be real or personal property

Life estate, a concept used in common and statutory law to designate the ownership of land for the duration of a person's life

Demonstrative legacy, a gift of a specific sum of money with a direction that is to be paid out of a particular fund

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