What is abatement?
Abatement reduces gifts when an estate lacks enough to pay all bequests.
Why it matters
It sets the order in which gifts are cut when money runs short.
Common confusion
Abatement shrinks gifts; ademption removes a gift that no longer exists.
Frequently Asked Questions
Which gifts are cut first?
Usually residue, then lower-priority gifts, per the will or law.
Can a specific gift be abated?
Yes, if the estate is short after other reductions.
Does abatement affect taxes?
Taxes and debts are paid before gifts.