substitutional gift

Definition of "substitutional gift"
  1. This is a bequest that the testator gives to an individual, known as a legatee or devisee, to replace another legatee or devisee who, for a variety of reasons like death, cannot receive the gift specified in the will. It is also commonly referred to as a substitute gift
How to use "substitutional gift" in a sentence
  1. In the will, Mr. Smith left a substitutional gift to his nephew in the event that his brother was not able to claim his inheritance.
  2. The lawyer explained that the substitutional gift in the document ensured that the property would stay within the family.
  3. The substitutional gift clause in the will allowed for the deceased's granddaughter to inherit the house if the daughter was unable to.

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