(a) Demostrative legacy:
This is a testamentary gift which is in its nature general but which manifests an intention
that the gift shall be primarily satisfied out of a fund or a specified part of the property
of the testor, but shall upon failure of that fund or property, be met from the general
estate.
(b) General legacy:
This is a testamentary gift whether specific or general described in general terms to be
provided out of the general estate of the testor whether or not also charged on any
specific part of his estate.
(c) Pecuniary legacy:
Include an annuity in the general legacy, demonstrative legacy so far as it is not
discharged out of the specified fund or property, and any other general direction by the
testator for the payment of money including all death duties free from which any gift
made to take effect.
(d) Special legacy:
This is a testamentary gift of a particular part of the property of the testator. It identifies
that part by a sufficient description whether in specific or general terms, and manifests
an intention that that part shall be enjoyed or taken in the state and condition indicated
by that description.
OR
Identify and explain the four classifications of legacies
(i) Specific legacy is a testamentary gift of a particular part or the property of the testator, which identifies the part of a sufficient description whether in specific or in general terms and manifests an intention that that part shall be in enjoyed or taken in the state and condition indicated by that description.
(ii) General legacy is a testamentary gift, whether specific or general, of property described in general terms to be provided out of the general estate of the testator, whether or not also charged on any specific part of his estate.
(iii) Demonstrative legacy is a testamentary gift which is in its nature general but which manifests an intention that the gift shall be primarily satisfied out of a special fund or a specified part of the property described in general terms to be provided out of the general estate of the testator, whether or not also changed or any specific part of his estate.
(iv) Residual legacy is a gift of the remainder of the estate of the deceased after all their legacies have been paid.
maurice.mutuku answered the question on April 27, 2018 at 12:17
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