lapse statutes

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 child or other relation of the testator, the legacy or devise passes to the issue of such legatee or devisee

Black's law dictionary. . 1990.

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  • 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 and anti-lapse — are complementary concepts under the law of wills, which address the disposition of property that is willed to someone who dies before the testator (the writer of the will).LapseLapse is a common law rule that if the person to whom property is… …   Wikipedia

  • 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

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  • 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

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