What does the term 'gifts of specific items' refer to in estate law?

The term 'gifts of specific items' in estate law refers to items clearly identified in a will that are designated to be given to certain beneficiaries. This definition highlights the importance of specificity in estate planning, as it ensures that particular assets are transferred to intended individuals upon the testator's death.

These gifts are distinct in that they relate to individually specified items, such as a piece of jewelry, art, or family heirlooms, rather than general monetary amounts or a collective distribution of an estate's value. The clarity in designating specific items helps to avoid disputes among beneficiaries, as everyone knows which items are meant for them, ultimately helping to honor the testator’s wishes in a straightforward manner.

In contrast, the other choices do not capture the essence of a 'gift of specific items.' Administrative costs pertain to the expenses involved in managing the estate, general monetary gifts lack the specificity that defines the term, and unclaimed assets do not involve designated gifts but rather items that have not been assigned to anyone. This understanding is crucial for both drafting a will and interpreting its provisions.