Illinois Agreement to Devise or Bequeath Property to a Person Performing the Personal Services of Lifetime Care for a Future Testator

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This form is an agreement to bequeath property to a person for performing lifetime care to a future testator at the personal residence of the promisee.
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FAQ

Leaving Your Property Some Other Way Before you list those specific bequests, you will name a beneficiary or beneficiaries to get "everything else" in your estate-- that is, all of the property that is left over after the specific gifts are distributed.

Legacy, also called Bequest, in law, generally a gift of property by will or testament. The term is used to denote the disposition of either personal or real property in the event of death.

BENEFICIARY - A person named to receive property or other benefits.

What is the difference between these two phrases? Traditionally, a devise referred to a gift by will of real property. The beneficiary of a devise is called a devisee. In contrast, a bequest referred to a gift by will of personal property or any other property that is not real property.

2. The Right to Bequeath: Testamentary Freedom and the Individuality of Property. From the book Inherited Wealth.

A gift of PERSONAL PROPERTY, such as money, stock, bonds, or jewelry, owned by a decedent at the time of death which is directed by the provisions of the decedent's will; a legacy. A bequest is not the same as a devise (a testamentary gift of real property) although the terms are often used interchangeably.

1 : to give or leave by will (see will entry 2 sense 1) used especially of personal property a ring bequeathed to her by her grandmother. 2 : to hand down : transmit lessons bequeathed to future generations.

A gift given by means of the will of a decedent of an interest in real property.

Bequests are assets given in a will or a trust. A bequest might be a specific amount of money or assets, a percentage of those assets, or what is left over after heirs and other obligations are paid from an estate.

Testamentary Gifts Traditionally, a gift of real property in a will is known as a devise. Traditionally, a gift of money in a will is known as a legacy. Traditionally, a gift of personal property other than money in a will is known as a bequest. Today, any gift of personal property may be known as bequest or legacy.

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Illinois Agreement to Devise or Bequeath Property to a Person Performing the Personal Services of Lifetime Care for a Future Testator