Addeemed definitions
| Word backwards | demeedda |
|---|---|
| Part of speech | Addeemed is a verb. |
| Syllabic division | ad-deemed |
| Plural | The plural form of the word "addeemed" is "addeemed." It does not change in the plural form. |
| Total letters | 8 |
| Vogais (2) | a,e |
| Consonants (2) | d,m |
Ademption is a legal concept that involves the modification or revocation of a specific legacy in a will when the subject of that legacy is no longer a part of the testator's estate at the time of their death. This often occurs when the testator specifically bequeaths a certain asset to a beneficiary but no longer owns that asset at the time of their passing.
Ademption Process
When ademption occurs, the specific legacy is said to be "adeemed." This means that the beneficiary named in the will does not receive the specific asset mentioned, as it is no longer a part of the estate. Instead, the beneficiary may receive a cash equivalent or nothing at all, depending on the circumstances and the laws of the jurisdiction.
Types of Ademption
There are two main types of ademption: by extinction and by satisfaction. Ademption by extinction happens when the specific asset mentioned in the will is no longer a part of the estate at the time of the testator's death. Ademption by satisfaction, on the other hand, occurs when the testator provides for the beneficiary during their lifetime, effectively satisfying the gift mentioned in the will.
Legal Implications
Ademption can have significant legal implications, as it may impact the distribution of assets and the intentions of the testator. It is essential for individuals creating a will to carefully consider the assets they own and ensure that their will reflects their current estate to avoid ademption issues.
Ademption is a complex legal concept that requires careful consideration and planning to avoid any unintended consequences. By understanding the different types of ademption and its legal implications, individuals can create a clear and comprehensive estate plan that accurately reflects their wishes.
Addeemed Examples
- The heir was addeemed from the will due to his misconduct.
- She addeemed the specific bequest by selling the antique jewelry.
- The court addeemed the gift after finding that it violated public policy.
- The charity was addeemed as a beneficiary after it ceased to exist.
- The testator addeemed the cash gift by spending it on a luxury vacation.
- The court decided to addeem part of the estate to cover outstanding debts.
- The beneficiary was addeemed when it was discovered that they predeceased the testator.
- The testator addeemed the real estate gift by selling the property before passing away.
- The court allowed the addeemed gift to pass to the alternate beneficiary named in the will.
- The executor sought guidance on how to handle an addeemed gift in the estate.