substitutional gift

substitutional gift
substitutional gift see gift

Merriam-Webster’s Dictionary of Law. . 1996.

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Look at other dictionaries:

  • substitutional gift — See substitution by will …   Ballentine's law dictionary

  • gift — A voluntary transfer of property by one to another without any consideration or compensation therefor; anything given or bestowed, or any piece of property voluntarily transferred by one person to another. 24 Am J1st Gifts § 2. As the word is… …   Ballentine's law dictionary

  • substitutional — or substitutionary Where a will contains a gift of property to a class of persons, with a clause providing that on the death of a member of the class before the period of distribution his share is to go to his issue (if any), so as to substitute… …   Black's law dictionary

  • substitute gift — sub·sti·tute gift n: substitutional gift at gift Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • substitutionary — substitutional or substitutionary Where a will contains a gift of property to a class of persons, with a clause providing that on the death of a member of the class before the period of distribution his share is to go to his issue (if any), so as …   Black's law dictionary

  • substitution by will — The effect of a clause in a will whereby the testator provides for the replacement of the beneficiary of a particular bequest by another person, or the replacement of a bequest to a designated beneficiary by another bequest to or in favor of the… …   Ballentine's law dictionary

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