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LEGACY (Lat. legatum)

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Originally appearing in Volume V16, Page 373 of the 1911 Encyclopedia Britannica.

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LEGACY (Lat. legatum)

LEGACY (See also:
LAT
Lat. legatum) , in See also:

ENGLISH

English See also:

law, some particular thing or things given or See also:

LEFT

left by a testator in his will, to be paid or performed by his executor or See also:

ADMINISTRATOR

administrator. The word is primarily applicable to gifts of personalty or gifts charged upon real See also:

ESTATE (through O. Fr. estat, mod. flat, from Lat. status, state, condition, position, stare, to stand)

estate; but if there is nothing else to which it can passes was domiciled in the See also:

UNITED

United See also:

KINGDOM

Kingdom. The See also:

RATE

rate of See also:

DUTY (from " due," that which is owing, O. Fr. deu, dil, past participle of devoir; Lat. debere, debitum; cf. " debt ")

duty varies from r to ro% according to the relationship between the testator and legatee. As between See also:

HUSBAND

husband and wife no duty is payable. The duty is payable by the executors and deducted from the legacy unless the testator directs otherwise. See also:

SPECIAL

Special provisions as to valuation are in force where the See also:

GIFT (a common Teutonic word, cf. Ger. die Gift, gift, das Gift, poison, formed from the Teut. stem gab-, to give, cf. Dutch geven, Ger. geben; in O. Eng. the word appears with initial y, the guttural of later English is due to Scandinavian influence)

gift is of an See also:

ANNUITY (from Lat. annus, a year)

annuity or is settled on various persons in See also:

SUCCESSION (Lat. successio, from succedere, to follow after)

succession, or the legacy is given in See also:

JOINT (through Fr. from Lat. junctum, jungere, to join)

joint tenancy and other cases. In sc me cases the duty is payable by instalments which carry See also:

INTEREST

interest at 3%. In various cases legacies are exempt from duty—the more important are gifts to a member of the royal See also:

FAMILY

family, specific legacies under £20 (pecuniary legacies under £20 pay duty), legacies of books, prints, &c., given to a See also:

BODY

body corporate for preservation, not for See also:

sale, and legacies given out of an estate the See also:

PRINCIPAL

principal value of which is less than £See also:

ioo. Further, by the See also:

FINANCE

Finance See also:

ACT (Lat. actus, actum)

Act 1894, See also:

PAYMENT (Fr. paiement, from payer, to pay; Lat. pacare, to appease, pax, peace)

payment of the estate duty thereby created absorbs the 1% duty paid by lineal ancestors or descendants of the deceased' and the duty on a settled legacy, and, lastly, in the event of estate duty being paid on an estate the See also:

TOTAL

total value of which is under £r000, no legacy duty is payable. The legacy duty payable in See also:

Ireland is now for all See also:

PRACTICAL

practical purposes assimilated to that in See also:

GREAT

Great See also:

BRITAIN (Gr. Hperavuml vi7vot, Bperravia; Lat. Britannia, rarely Britannia)

Britain. The principal See also:

STATUTE

statute in that See also:

COUNTRY (from the Mid. Eng. contre or contrie, and O. Fr. cuntree; Late Lat. contrata, showing the derivation from contra, opposite, over against, thus the tract of land which fronts the sight, cf. Ger. Gegend, neighbourhood)

country is an act of 1814. LE GALLIENNE, See also:

RICHARD (1866– ), English poet and critic, was See also:

BORN, IGNAZ, EDLER VON (1742–1791)

born in See also:

Liverpool on the loth of See also:

JANUARY

January 1866.

He started See also:

LIFE

life in a business See also:

OFFICE (from Lat. officium, " duty," " service," a shortened form of opifacium, from facere, " to do," and either the stem of opes, " wealth," " aid," or opus, " work ")

office in Liverpool, but abandoned this to turn author. My See also:

LADY (0. Eng. hlaefdige, Mid. Eng. ldfdi, lavedi; the first part of the word is hldf, loaf, bread, as in the corresponding hldford, lord; the second part is usually taken to be from the root dig-, to knead, seen also in " dough "; the sense development fr

Lady's Sonnets appeared at Liverpool in 1887, and in 1889 he became for a See also:

SHORT, FRANCIS JOB (1857– )

short See also:

time See also:

LITERARY

literary secretary to See also:

Wilson See also:

Barrett. In the same See also:

YEAR

year he published Volumes in See also:

FOLIO (properly the ablative case of the Lat. folium, leaf, but also frequently an adaptation of the Ital. foglio)

Folio, The See also:

BOOK

Book Bills of See also:

NARCISSUS

Narcissus and See also:

George See also:

MEREDITH, GEORGE (1828-1908)

Meredith: some Characteristics (new ed., 1900). He joined the See also:

STAFF (O. Eng. staef, cf. Du. staf, Ger. Stab, &c.; Icel. stafr meant also a written letter, and O. Eng. stafas, the letters of the alphabet; " stave," one of the thin pieces of wood of which a cask is made, is a doublet)

staff of the See also:

STAR

Star in 1891, and wrote for various papers over the See also:

SIGNATURE (through Fr. from Lat. signature, signare, to sign, signum, mark, token, sign)

signature of " Logroller." English Poems (1892), R. L. See also:

Stevenson and other Poems (1895), a See also:

PARAPHRASE (Gr. irapa¢pavis, from rrapa4p4av, to relate something in different words, 'raga, beside, and ¢pai"eav, speak, tell)

paraphrase (1897) of the Rubdiydt of See also:

OMAR (c. 581-644)

Omar Khayyam, and Odes from the See also:

DIVAN (Arabic divan)

Divan of See also:

HAFIZ

Hafiz (1903), contained some See also:

LIGHT

light, graceful See also:

VERSE (from Lat. versus, literally a line or furrow drawn by turning the plough, from vertere, and afterwards signifying an arrangement of syllables into feet)

verse, but he is best known by the fantastic See also:

PROSE

prose essays and sketches of Prose Fancies (2 See also:

SERIES (a Latin word from serere, to join)

series, 1894–1896), Sleeping Beauty and other Prose Fancies (1900), The See also:

Religion of a Literary See also:

Man (1893), The Quest of the See also:

GOLDEN

Golden Girl (1897), The Life Romantic (1901), &c. His first wife, Mildred See also:

Lee, died in 1894, and in 1897 he married Julie Norregard, subsequently taking up his See also:

RESIDENCE (Latin residere, to remain behind, to dwell, reside)

residence in the United States. In 1906 he translated, from the Danish, See also:

Peter See also:

Nansen's Love's Trilogy.

End of Article: LEGACY (Lat. legatum)

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