What term describes a gift of a certain amount of property from a specific source?

• A. General bequest
• B. Lapse of a bequest
• C. Demonstrative bequest
• D. Residuary bequest

Answer: (C)

A demonstrative bequest is a gift of a fixed dollar amount that specifies the source from which it should be paid, such as a named bank account or fund. The payment is directed to come from that designated source first, with any shortfall typically covered by the general assets of the estate if the source doesn’t fully satisfy the amount. This differs from a general bequest, which is paid from the estate’s assets without tying the gift to a particular source. Lapse describes a failure of the bequest due to the beneficiary’s death or conditions not being met, and a residuary bequest covers what remains after all specific and demonstrative gifts are satisfied.