The terms of a will currently undergoing probate are: "A gift to my brother David of $25,000 cash; to my son James, $50,000 from my savings account; and to my Daughter Lila, all of my remaining property." At the time of death, the balance in the savings account was $40,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $70,000.
-The gift to James is a

Question

Quizplus · Accepted Answer

A demonstrative legacy is a gift of a certain sum of money to be paid out of a particular fund or account. In this case, the gift to James is $50,000 from the savings account, which is a specific fund.

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