What is the term for a gift of personal property received through a will?

What is the term for a gift of personal property received through a will?

• A. Trust
• B. Bequest
• C. Inheritance
• D. Loan

Answer: (B)

The term for a gift of personal property received through a will is "bequest." A bequest specifically refers to an item or sum of money that is given to a beneficiary as specified in the decedent's will. This can include personal property such as jewelry, art, or financial assets. In contrast, "inheritance" generally refers to the broader concept of acquiring assets from someone upon their death, which may include real estate, personal property, or other financial interests as defined by law or the terms of the will. "Trust" is a legal arrangement where one party holds property for the benefit of another, which is not directly related to the concept of receiving a gift through a will. A "loan" implies an amount borrowed that must be repaid and is unrelated to the receiving of gifts upon death. Thus, "bequest" is the most precise term for the scenario described in the question.

The term for a gift of personal property received through a will is "bequest." A bequest specifically refers to an item or sum of money that is given to a beneficiary as specified in the decedent's will. This can include personal property such as jewelry, art, or financial assets.

In contrast, "inheritance" generally refers to the broader concept of acquiring assets from someone upon their death, which may include real estate, personal property, or other financial interests as defined by law or the terms of the will.

"Trust" is a legal arrangement where one party holds property for the benefit of another, which is not directly related to the concept of receiving a gift through a will. A "loan" implies an amount borrowed that must be repaid and is unrelated to the receiving of gifts upon death. Thus, "bequest" is the most precise term for the scenario described in the question.