Definition of DISPOSITION: (noun) / a transfer of property by a person during life or by will.
Plain English translation: A transfer of ownership of property. The transfer can occur during one’s lifetime or through a will or trust where the transfer occurs upon death (also known as a testamentary disposition).
Examples:
“She disposed of her property through her last will, which contained three dispositions. The house was given to her son. The bank account was given to her granddaughter. And the rest was given to her husband.”
“The trust contained a disposition to Anthony of $100,000.00.”
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