Pecuniary Legacy Law and Legal Definition

Legacy is the gift of personal property effected by will. Legacy in the form of money is pecuniary legacy. This is the gift of a sum of money. The gift carries interest from one year after the testator's death. Usually a pecuniary legacy is a general legacy. For example, "I give $ 400 to my niece". However, there can be specific pecuniary legacy also. For example, “I give all my jewelery to my daughter”.