Residuary clause - PowerPoint PPT Presentation

Key Points to Remember :

Key Points to Remember :. Only an attorney should draft a will All members of the estate planning team should know how to review a will Coordinate the will with other dispositive documents such as life insurance, retirement plans, and other employee benefit plans.

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432 views • 42 slides

Lapse

Lapse. Lapse defined. Gift fails (lapses) because beneficiary dies before testator. Distribution of Lapsed Gifts -- Overview. 1. Under express terms of will . Distribution of Lapsed Gifts -- Overview. 1. Under express terms of will . 2. Saved by legal rule.

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448 views • 19 slides

Lapse

Lapse. Lapse defined. Gift fails (lapses) because beneficiary dies before testator. Distribution of Lapsed Gifts -- Overview. 1. Under express terms of will. Distribution of Lapsed Gifts -- Overview. 1. Under express terms of will. § 68(e). 2. Saved by legal rule.

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415 views • 19 slides

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