Gift Over
English Legal System: Gift Over
In the context of the English law, A Dictionary of Law provides the following legal concept of Gift Over : A provision in a will or other settlement enabling an interest in property to come into existence on the termination or failure of a prior interest.
What is Gift Over?
A definition of gift over is: A gift to one for life, and from and after his death to another. More details on the Encyclopedia. Broadly, any transfer of property to take effect after the termination of an intermediate estate or estates such as a life estate, e.g. to A for life, remainder to B.[1]
Resources
Notes
- “Gift Over” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)
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