Legacy
A gift of money or personal property made through a will. The term is essentially interchangeable with bequest. In everyday language, 'legacy' also means the lasting impact someone leaves behind.
Legal Definition
A testamentary disposition of personal property, synonymous with bequest in modern usage, though historically referring specifically to a gift of money.
Practical Example
The professor left a legacy of $100,000 to the university library fund in his will, establishing a book acquisition endowment in his name.