North Carolina 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

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.

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.

In law, we confer on individuals the right to affect what happens once they are dead, and in particular the right to bequeath their property. Moreover, many would argue that such a legal right is grounded in a moral right.

To dispose of Personal Property owned by a decedent at the time of death as a gift under the provisions of the decedent's will. The term bequeath applies only to personal property. A testator, to give real property to someone in a testamentary provision, devises it.

General Bequests For example, you might say something along the lines of I hereby leave $300,000 to my nephew Aaron, rather than I hereby bequeath my primary residence at 4566 Maple Street in New Hampshire, CT to my nephew Aaron. The bequest is paid using the general pool of assets in the estate.

A spouse or civil partner but no children (or grandchildren): your spouse or civil partner gets the entire estate. A spouse or civil partner and children: your spouse/civil partner gets two-thirds of your estate and the remaining one-third is divided equally among your children.

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.

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.

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

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.

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