ADEMPTION

ADEMPTION

ademption ([schwa]-demp-sh[schwa]n), n. Wills & estates. The destruction or extinction of a testamentary gift by reason of a bequeathed asset’s ceasing to be part of the estate at the time of the testator’s death; a beneficiary’s forfeiture of a legacy or bequest that is no longer operative. ? There are two theories of ademption. Under the identity theory of ademption, a devise of a specific piece of property will fail if that property is not a part of the testator’s estate upon his or her death. Under the intent theory of ademption, by contrast, when a specific devise is no longer in the testator’s estate at the time of his or her death, the devisee will receive a gift of equal value if it can be proved that the testator did not intend the gift to be adeemed. The intent theory has been codified in ¡ì 2-606 of the 1990 Uniform Probate Code.

¡ª Also termed extinguishment of legacy. Cf. ABATEMENT; ADVANCEMENT(4); LAPSE(2). [Cases: Wills 764¨C771. C.J.S. Wills ¡ì¡ì 1742¨C1761, 1770¨C1773.] ¡ª adeem ([schwa]-deem), vb. ¡ª adeemed, adempted, adj.

ademption by extinction. An ademption that occurs because the unique property that is the subject of a specific bequest has been sold, given away, or destroyed, or is not otherwise in existence at the time of the testator’s death. [Cases: Wills 767¨C768. C.J.S. Wills ¡ì¡ì 1749¨C1761.]

ademption by satisfaction. An ademption that occurs because the testator, while alive, has already given property to the beneficiary in lieu of the testamentary gift. [Cases: Wills 766. C.J.S. Wills ¡ì¡ì 1743¨C1744, 1753.]


What is the legal translation of ADEMPTION in Chinese?
TermBase About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.