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Simple English definitions for legal terms
caducary
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A quick definition of caducary:
Term: caducary
Definition: Caducary refers to a situation where a bequest or estate may be lost or forfeited due to certain circumstances, such as escheat or lapse. This means that the property may not go to the intended heirs, but instead may be taken by the government or other parties.
For example, if someone leaves a will but it is found to be invalid, the property may become caducary and be subject to escheat or lapse. It is important to make sure that legal documents are properly executed to avoid this situation.
A more thorough explanation:
Term: CaducaryDefinition: When someone leaves behind an inheritance or property, it can sometimes be subject to being taken away or forfeited. This is called caducary. For example, if someone dies without a will and has no living relatives, their property may become caducary and go to the government. Another example is if someone leaves behind a bequest with certain conditions that are not met, the property may become caducary and go to someone else.
Examples: The old man died without any living relatives, so his estate became caducary and was taken over by the government. The wealthy woman left behind a bequest for her favorite charity, but if they didn't use the money for a specific purpose, it would become caducary and go to her second choice charity. These examples illustrate how caducary means that property or inheritance can be taken away or forfeited.