Which term describes a gift of personal property transferred by will?

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The term that describes a gift of personal property transferred by will is "bequest." In the context of estate planning, a bequest specifically refers to the act of giving personal property through a will, distinguishing it from other terms that are associated with the transfer of property.

For further clarification, a "devise" usually refers to a gift of real property (land or buildings) given through a will, not personal property. A "legacy" often carries a similar meaning to bequest, but it can sometimes be used more broadly or primarily to refer to monetary gifts, creating a slight distinction. "Dower" pertains to the rights that a surviving spouse has in the deceased spouse's property, particularly regarding real estate, which does not relate to the concept of personal property transferred in a will.

Thus, "bequest" is the most accurate term when specifically addressing the gifting of personal property through a will.