ademption by satisfaction
When a person bequeaths specific property through a will and then gives that property to the beneficiary while still living. (See also: ademption)
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.


ademption by satisfaction
n. An ademption that occurs when the testator, while alive, gives the property that is the subject of a devise or legacy to the intended beneficiary in lieu of the testamentary gift.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • ademption — ademp·tion /ə demp shən/ n [Latin ademptio, from adimere to take away, from ad to + emere to buy, obtain] 1: the revocation of a gift in a will inferred from the disposal (as by sale) of the property by the maker of the will before he or she dies …   Law dictionary

  • satisfaction — sat·is·fac·tion n 1 a: the act or fact of satisfying b: execution of an accord by performance of the substituted obligation often used in the phrase accord and satisfaction compare accord 3, transaction 3 c …   Law dictionary

  • ademption — The extinction or satisfaction of a legacy by some act of the testator, which indicates either a revocation or an intention to revoke the bequest. American Trust & Banking Co. v Balfour, 138 Tenn 385, 198 SW 70, 57 Am J1st Wills § 1580. The… …   Ballentine's law dictionary

  • ademption — əˈdem(p)shən, aˈ noun ( s) Etymology: Latin ademption , ademptio, from ademptus (past participle of adimere to take away, from ad + imere, from emere to buy, obtain) + ion , io ion more at redeem : revocation or satisfaction of a property… …   Useful english dictionary

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