lapse statute

lapse statute
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • anti–lapse statute — an·ti–lapse statute /ˌan ˌtī laps , ˌan tē / n: a statute providing that in the event a person who would have received a gift under a will dies before the person who made the will dies then the gift is distributed to the heirs of the person who… …   Law dictionary

  • anti-lapse statute — n. A law that provides for the heirs of a devisee to inherit the devisee’s share of an inheritance if the devisee dies before the testator, instead of allowing the bequest to lapse as it would have under common law; e.g., if a mother dies before… …   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

  • anti-lapse statute — Legislation enacted in most jurisdictions to provide for the testamentary passing of property to heirs and next of kin of the designated legatee or devisee if he dies before the testator, thus preventing a lapse of the legacy and the passing of… …   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

  • 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

  • statute — n. 1 a written law passed by a legislative body, e.g. an Act of Parliament. 2 a rule of a corporation, founder, etc., intended to be permanent (against the University Statutes). 3 divine law (kept thy statutes). Phrases and idioms: statute barred …   Useful english dictionary

  • statute-barred — adjective English Law (especially of a debt claim) no longer legally enforceable due to the lapse of time …   English new terms dictionary

  • antilapse statute — A statute that passes a bequest in a will to the heirs of the beneficiary, if the beneficiary of the will dies before the testator. Category: Wills, Trusts & Estates → Estates, Executors & Probate Court Category: Wills, Trusts & Estates → Wills… …   Law dictionary

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