Abatement Defined and Explained

A proportional reduction of the shares of beneficiaries under a will if the estate assets are not sufficient to pay the shares in full.6 min read

Abatement

Abatement: A proportional reduction of the shares of beneficiaries under a will if the estate assets are not sufficient to pay the shares in full.

When property bequeathed in a will cannot be given to the beneficiary because it was sold to pay off the deceased debts. Debts are paid before gifts made in wills are distributed and where a specific gift is sold to pay off a debt, it is said to 'abate'.

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