Ademption.—Ademption is the Revocation of a Grant, Donation, or the like, especially the lapse of a legacy, by the testator’s satisfying it by delivery or payment to the legatee before his death, or by his otherwise dealing with the thing bequeathed so as to manifest an intent to revoke the bequest.

Ademption.—To Adeem is to Revoke a Legacy either by implication, as by a different disposition of the bequest during the life of the testator, or by satisfaction of the legacy in advance, as by delivery of the thing bequeathed, or its equivalent, to the legatee during the lifetime of the legator. A specific legacy may be adeemed; if the subject of ,it is not in existence at the time of the testator’s death, then the bequest entirely fails.

Ademption.—The Question of Ademption is Purely One of Fact and not of intention, differing in this respect from revocation, which is purely one of intent.

Ademption.—Ademption is the Extinction or Withholding of a Legacy in consequence of some act of the testator, which, though not directly a revocation of the bequest, is considered in law as equivalent thereto or indicative of an intention to revoke. The ademption of a specific legacy is effected by the extinction of the thing or fund, without regard to the testator’s intention; but where the fund remains the same in substance, with some unimportant alteration, there is no ademption.

Ademption.—The Very Thing Bequeathed must be in Existence at the death of the testator and form part of his estate, otherwise the legacy is wholly inoperative.

Ademption—Change Worked by Organization of Corporation.—Where the owner of land devises the same, together with the buildings and business thereon conducted, and thereafter organizes a corporation and leases the property to it, he being the principal stockholder in the corporation and continuing to manage the business as before, there is no change in the substance of the property, and on his death the devisees and legatees named in his will are entitled to a distribution of the property as therein specified.