3.2 Interpretation of Wills

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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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