Ademption by Satisfaction
The doctrine of ademption by satisfaction provides for the situation in which a testator decides to change the timing of a gift in order to permit the beneficiary to enjoy the benefits of the gift before the testator’s death. If a pecuniary gift is given before the death of the testator, the same devise in the testator’s will is considered already fulfilled and is not given after his death.
Definition from Nolo’s Plain-English Law Dictionary
When a person bequeaths specific property through a will and then gives that property to the beneficiary while still living. (See also: ademption)
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:10 pm
