divide and pay over rule

divide and pay over rule
The rule that where the only words of gift in a testamentary disposition of property are found in the direction to divide or pay at a time subsequent to the death of the testator, time is to be taken as of the essence of the gift and the interest is future and contingent, rather than immediate and vested. See Lytle v Guilliams, 241 Iowa 523, 41 NW2d 668, 16 ALR2d 1377.

Ballentine's law dictionary. . 1998.

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