Specific 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

Specific Legacy example?

Explanation:
A specific legacy is a gift of a particular item identified in the will. The Chesterfield leather sofa is a clearly identifiable object that can be handed over as is, making it a definite specific legacy. The other options involve money or a sum to be paid from a fund, which are pecuniary legacies rather than gifts of a specific item. A car could be a specific legacy if a particular vehicle were named, but as stated, the sofa is the clearest example of a specific item.

A specific legacy is a gift of a particular item identified in the will. The Chesterfield leather sofa is a clearly identifiable object that can be handed over as is, making it a definite specific legacy. The other options involve money or a sum to be paid from a fund, which are pecuniary legacies rather than gifts of a specific item. A car could be a specific legacy if a particular vehicle were named, but as stated, the sofa is the clearest example of a specific item.

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