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portion


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N.

Funds or other property given or left to a child by his parent or someone standing in loco parentis and intended to make permanent provision for him or to establish him in life (e.g. a sum provided to set the child up in business). Sums provided for the child's maintenance or education or to supplement his income do not qualify. A portion may be brought into hotchpot and may be presumed to adeem a legacy (see ademption; satisfaction) unless there is evidence that the testator intended the portion to be disregarded on his death.

Subjects: Law.


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