Demonstrative Legacy example?

Prepare for the CILEx F4 Property and Private Client Test. Use flashcards and multiple-choice questions, complete with explanations and hints. Get exam-ready!

Multiple Choice

Demonstrative Legacy example?

Explanation:
Demonstrative legacy is a bequest of a definite, identifiable asset rather than a pure sum of money. The Chesterfield leather sofa fits this perfectly because it is a clearly named, tangible item that can be identified and transferred to the beneficiary. The other options illustrate cash bequests or bequests tied to a particular source, which are different forms of legacies and do not exemplify naming a specific asset in the way a demonstrative legacy does.

Demonstrative legacy is a bequest of a definite, identifiable asset rather than a pure sum of money. The Chesterfield leather sofa fits this perfectly because it is a clearly named, tangible item that can be identified and transferred to the beneficiary. The other options illustrate cash bequests or bequests tied to a particular source, which are different forms of legacies and do not exemplify naming a specific asset in the way a demonstrative legacy does.

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