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legacy

n. a gift of personal property or money to a beneficiary (legatee) of a will. While technically legacy does not include real property (which is a "devise"), legacy usually refers to any gift from the estate of one who has died. It is synonymous with the word "bequest."

See also: beneficiary  bequest  legatee  will 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications