lapsed gift

Definition of "lapsed gift"
  1. A will's provision that is no longer effectual because the intended recipient passed away before the testator
How to use "lapsed gift" in a sentence
  1. In the absence of an alternate recipient, the lapsed gift became part of the residual estate.
  2. To avoid a lapsed gift, he revised his will upon the death of his only son.
  3. The court had to determine the distribution of the lapsed gift as the intended beneficiary pre-deceased.

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