lapse of legacy or devise
- lapse of legacy or devise
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The falling back of the subject matter of a legacy or devise into the testator's estate. Anno: 3 ALR 1689. A legacy or devise which was good when the will was made, but has failed since then by some event which occurred before the testator's death. Occurring under a variety of circumstances, the most frequent of which is the death of the legatee or devisee before the death of the testator. 57 Am J1st Wills §§ 1424 et seq.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be … Black's law dictionary
legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be … Black's law dictionary
lapse statutes — Those state statutory enactments which prevent the lapse or passing into the residue or by intestacy of legacies and devises when the legatee or devisee predeceases the testator, and which commonly provide that, if the legatee or devisee is a… … Black's law dictionary
lapse statutes — Those state statutory enactments which prevent the lapse or passing into the residue or by intestacy of legacies and devises when the legatee or devisee predeceases the testator, and which commonly provide that, if the legatee or devisee is a… … Black's law dictionary
lapse — 1 / laps/ n: a termination or failure due to events, neglect, or time: as a: the failure of a bequest (as because the intended recipient dies before the testator) compare anti lapse statute b: the termination of an insurance policy because of… … Law dictionary
lapse — I To glide; to pass slowly, silently, or by degrees. To slip; to deviate from the proper path. To fall or fail. Life & Casualty Ins. Co. of Tennessee v. Wheeler, 265 Ky. 269, 96 S.W.2d 753, 755. See also expiration termination II The termination… … Black's law dictionary
lapse — I To glide; to pass slowly, silently, or by degrees. To slip; to deviate from the proper path. To fall or fail. Life & Casualty Ins. Co. of Tennessee v. Wheeler, 265 Ky. 269, 96 S.W.2d 753, 755. See also expiration termination II The termination… … Black's law dictionary
anti-lapse statute — A statute intended to prevent the lapse of a legacy or devise by providing, in effect, that, in the event of the death of the legatee or devisee prior to the testator, the legacy or devise shall not lapse but shall take effect as if the death of… … Ballentine's law dictionary
Legal history of wills — Wills in the Ancient WorldThe will, if not purely Roman in origin, at least owes to Roman law its complete development, a development which in most European countries was greatly aided at a later period by ecclesiastics versed in Roman law. In… … Wikipedia
Pink Floyd — This article is about the rock band. For the fictional character, see Pink Floyd (fictional character). Pink Floyd … Wikipedia
