Which bequest is defined as a gift of property payable from a specific source rather than from the estate as a whole?

Which bequest is defined as a gift of property payable from a specific source rather than from the estate as a whole?

• A. General bequest
• B. Lapse of a bequest
• C. Demonstrative bequest
• D. Residuary bequest

Answer: (C)

Demonstrative bequests specify a designated source or fund from which the payment should be made, not the estate as a whole. For example, a gift stated as “$10,000 to X, payable from my savings account at Bank A” is funded from that particular source first, with any shortfall covered by the estate. This contrasts with general bequests, which come from the estate generally without a named source. A residuary bequest concerns what remains after debts and specific gifts are satisfied, and a lapse refers to a gift failing due to the beneficiary predeceasing or other issues. So the gift payable from a specific source is a demonstrative bequest.

Demonstrative bequests specify a designated source or fund from which the payment should be made, not the estate as a whole. For example, a gift stated as “$10,000 to X, payable from my savings account at Bank A” is funded from that particular source first, with any shortfall covered by the estate. This contrasts with general bequests, which come from the estate generally without a named source. A residuary bequest concerns what remains after debts and specific gifts are satisfied, and a lapse refers to a gift failing due to the beneficiary predeceasing or other issues. So the gift payable from a specific source is a demonstrative bequest.