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Gift over

Law GiftGoing concern

Gift Over:
A device used in wills and trusts to provide for the gift of property to a second recipient if a certain event occurs, such as the death of the first recipient.

 


Related Terms: Gift, Gift Over
A death-bed gift, made by a dying person, or othwerwise in contemplation of death, and conditional thereon, with the intent that the person receiving the gift shall have the thing if death ensues.

See also: Lawyer, Term, Ordinary, Action, Court

Law GiftGoing concern

 
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