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Trust Glossary

Specific Gift - A testamentary gift of a specified item in decedent's estate. If the item is not in the estate at decedent's death, the gift is adeemed, and the beneficiary takes nothing from it.


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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.






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