gift over
- A disposition of an asset, particularly through a will, that occurs upon the end or unsuccessful realization of a prior claim (such as a life estate) to the same asset
- The life estate ended, leading to a gift over of the property to the next beneficiary.
- The will stated that in case the first beneficiary was unable to claim the estate, a gift over would ensure it went to the next on the list.
- Upon the termination of the life estate, the gift over mechanism transferred the property to the intended party.
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