PayPal charges a fee (based on the currency received) to the seller when the buyer files a chargeback with his/her credit card issuer. If the transaction is protected by Seller Protection Policy, PayPal will cover the amount of the chargeback and waive the chargeback fee. You can view the chargeback fee and process in the User Agreement.
A bequest is the act of giving property by will. Strictly, bequest is used of personal property, and devise of real property.In legal terminology, bequeath is a verb form meaning to make a bequest.ection 102(a) of the Code makes an exception for bequests stating that Gross income does not include the value of property acquired by gift, bequest, or inheritance.. In general this means that the value or amount of the bequest does not need to be included in a taxpayer's gross income.
A personal gift in a will is property that is distributed from one person to another through the use of a valid will document. Since the gift is to be distributed using the will, this means that the gift will transfer to the recipient only upon the death of the owner. These gifts are considered âpersonalâ because they are transferred from one person to another specific person, rather than a general entity such as a charity.