Estate Planning and Probate Law Practice Test 2026 - Free Estate Planning and Probate Law Practice Questions and Study Guide

Demonstrative bequests specify a designated source or fund from which the payment should be made, not the estate as a whole. For example, a gift stated as “$10,000 to X, payable from my savings account at Bank A” is funded from that particular source first, with any shortfall covered by the estate. This contrasts with general bequests, which come from the estate generally without a named source. A residuary bequest concerns what remains after debts and specific gifts are satisfied, and a lapse refers to a gift failing due to the beneficiary predeceasing or other issues. So the gift payable from a specific source is a demonstrative bequest.