Specific Legacy example?

Study for the CILEx F4 Property and Private Client Test. Learn with detailed flashcards and multiple choice questions, each providing expert tips and explanations. Prepare effectively for your exam!

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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