Bequest/bɪˈkwest/ Definition 1 of 2Pro Tip 1/3Posthumous Giving Bequest refers to a transfer of personal property after one passes away. Her bequest ensured the family home remained within the family. Pro Tip 2/3Material or Money A bequest often involves money or items like jewelry, but can include anything owned. The bequest included his grandfather's watch. Pro Tip 3/3Will Specific A bequest is only valid if it's specified in a legal document called a will. The painting was his final bequest to his children, detailed in the will.