3.2 Interpretation of Wills
- Created by: cucumbermintlemonade
- Created on: 23-03-23 11:04
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- 3.2 Interpretation of wills
- What happens with a demonstrative legacy if the account is closed at the date of death or no longer has sufficient funds to meet the legacy?
- What is a residuary legacy?
- Under the doctrine of ademption, when will a specific gift fails?
- What causes a specific gift to adeem?
- What happens if a residual gift lapses?
- What is meant by the term 'lapse'?
- What is meant by the term 'lapse'?
- What is a substitutional gift?
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