Abatement definition

What does Abatement mean?

The receipt by legatees of part of or none of their entitlement due to insufficient assets to discharge the entitlements in full.

Where the assets are sufficient to discharge the debts and specific legacies but not the general legacies, the latter are subject to abatement unless the will clearly indicates otherwise.

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Abatement is referenced 1 in Halsbury's Laws of England

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