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A bequest refers to a gift of personal property made to another person by terms of a will.
This is not to be confused with real property as that act is legally termed as devise.
For example, one can receive jewelry as a bequest from an uncle who passed away.
And a house as a devise from an aunt under her instructions for conveyance.
In practice, to bequeath is commonly used to describe a gift by will, for both personal property and real property.