Bequest is a gift by will of personal property. If the bequest is money to the extent it is paid out of income from property it is taxable to the recipient. Generally bequest value is fair market at the date of the decedent's death.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bequest. Retrieved September 22, 2026, from http://smartdefine.org/bequest/definitions/1148547 |
| Chicago | Barry Goldsmith. 2010. "bequest" http://smartdefine.org/bequest/definitions/1148547 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, bequest, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/bequest/definitions/1148547>. |
| MLA | Barry Goldsmith. "bequest" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/bequest/definitions/1148547> |