If a Legatee Dies Before the Testator or Before a Legacy

question 62

True/False

If a legatee dies before the testator or before a legacy is payable, an abatement results, which means that the legatee's heirs receive reduced benefits.

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Definitions:

Social Control

Mechanisms, strategies, and processes that regulate individual and group behavior, aiming to maintain conformity and compliance within a society.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods that are determined mainly by competition in a free market.

Growth of the State

The process of increase in the size and scope of government activities, often referring to the expansion of its regulatory, taxing, and coercive capacities.

Industrial Societies

Are societies that use machines and fuel to greatly increase the supply and dependability of food and finished goods. The first such society emerged in Great Britain in the last decades of the eighteenth century.