The terms of a will currently undergoing probate are: "A gift to my brother Chris of $40,000 cash; to my son Eric, $75,000 from my Redstone Savings Bank account; and to my daughter Lauryn, all of my remaining property." At the time of death, the balance in the savings account was $60,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $95,000.The gift to Chris is a

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A general legacy is a gift of a fixed amount of money from the general assets of the estate, not tied to a specific source or asset. The gift to Chris is a general legacy because it is a specified amount of cash ($40,000) without reference to a particular asset or account.

The Terms of a Will Currently Undergoing Probate Are: "A