Today's Word on Probate Real Estate is Abatement

Real Estate Agent with Berkshire Hathaway HomeServices California Properties DRE# 01788371

Today's Word on Probate Real Estate is Abatement.

Abatement.: A proportional diminution or reduction of the pecuniary legacies, when there are not sufficient funds to pay them in full.  In plain English, pecuniary legacies are usually a gift of money in a will. So, when the funds in the estate are not enough to pay the beneficiary those funds, they may be reduced.

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