Ademption by satisfaction

Ademption by satisfaction, also known as satisfaction of legacies, is a common law doctrine that determines the disposition of property under a will when the testator has made lifetime gifts to beneficiaries named in the will. Under the doctrine, a gift that the maker of the will (the testator) gives during his lifetime to a named beneficiary of the will is treated as an advance payment of that beneficiary's inheritance.[1] If the probate court determines that the testator intended the lifetime gift to satisfy a bequest under the will, the amount of the lifetime gift is deducted from the amount that the beneficiary would have received under the will.[2]

  1. ^ "Ademption by Satisfaction Definition". Legal Information Institute. Cornell University Law School. Retrieved 16 October 2014.
  2. ^ Andersen, Roger (16 April 2009). Understanding Trusts and Estates. LexisNexis. pp. 114–115. ISBN 978-1-4224-8634-4.

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