When are specific bequests typically fulfilled in the estate distribution process?

Specific bequests are gifts of particular items or amounts of money designated to specific beneficiaries in a will. Typically, these specific bequests are fulfilled after all debts of the estate have been settled, but before general bequests are fulfilled. This ensures that the estate can meet its obligations without jeopardizing the distribution of specific gifts.

The reasoning behind this order is rooted in the priority of claims on the estate. Debts must be settled to ensure that the estate is in compliance with legal obligations, thereby protecting the interests of creditors and ensuring that the estate has liability coverage before any specific gifts can be distributed. Once all debts are cleared, the specific bequests are honored next to satisfy the wishes of the testator regarding personal items or designated funds.

Subsequently, once specific bequests are fulfilled, any remaining assets can be distributed as general bequests or divided among the residuary beneficiaries. This structured approach ensures fairness and aligns with the testator's intent, making sure specific gifts are prioritized appropriately within the overall estate distribution process.