CILEx F4 Property And Private Client Practice Test

Pecuniary Legacy example?

A car Chesterfield leather sofa £1,000 from Fontwell Bank account £10,000

Correct Answer:

£10,000

Explanation:

A pecuniary legacy is a bequest of money—a fixed sum left to a beneficiary in a will. The clearest example is a straight cash gift, such as £10,000, because it represents a precise amount of money to be paid to the recipient. Giving a named asset like a car or a Chesterfield sofa isn’t money at all, so those are specific legacies of property rather than monetary gifts. The option of £1,000 from a named bank account is money too, but it’s typically treated as a demonstrative (source-restricted) legacy rather than a plain pecuniary one. That makes it a more nuanced category than a straightforward cash gift, whereas £10,000 is the classic, uncomplicated pecuniary legacy.

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