Simple English definitions for legal terms
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A failed gift is a gift that cannot be given to the intended recipient. This can happen if the person who was supposed to receive the gift has died before the gift was given, or if the conditions for receiving the gift were not met. For example, if someone left money to their granddaughter "if she attains the age of 21," but the granddaughter died before turning 21, the gift would fail.
A failed gift refers to a gift that was intended to be given through a will, but for some reason, it did not happen. There are two types of failed gifts:
For example, if a person made a will and left $10,000 to their niece, but the niece died before the person who made the will, then the gift would be considered a failed gift.