NBE Funeral Service Director

Category - Arts - Regulatory Compliance

The gifting of an item made by will or trust is called:
  1. A gift
  2. A grant
  3. A bequest
  4. An order
Explanation
Answer: C - A bequest is the gifting of an item to a person by way of a will or trust instrument.

When a will or trust is established granting the transfer of property from the estate of a deceased person to a living person is considered a bequest. Gifts are typically made while a person is still alive. A gift represents a transfer of value from one person to another, not necessarily through the use of a will or trust; a grant is a type of gift made from one party to another. An order may be a legal judgement or other edict handed down by a judge.
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