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LSDefine

Simple English definitions for legal terms

lapse statute

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A quick definition of lapse statute:

A lapse statute is a law that helps make sure that a person's wishes for their property are carried out even if the person they wanted to give it to has passed away. In the past, if someone left something to a person who died before them, the gift would be lost. But with a lapse statute, the gift can go to the children or other relatives of the person who passed away, so that the original person's wishes are still respected. Different states have different rules about who can benefit from a lapse statute. However, if the will shows that the person had a different plan for their property, the lapse statute won't apply.

A more thorough explanation:

Definition: A lapse statute, also known as an anti-lapse statute, is a legal rule that prevents a gift in a will or trust from failing or "lapsing" if the intended recipient dies before the person who made the will or trust. Instead of the gift going to the deceased recipient's heirs or to the state, the lapse statute allows the gift to pass to the recipient's descendants, as long as the will or trust does not indicate otherwise.

Example: Let's say that John creates a will that leaves his house to his sister, Mary. However, if Mary dies before John, the will does not specify what should happen to the house. Under common law, the gift would fail, and the house would pass to John's heirs or to the state. However, if the state where John lives has a lapse statute, the gift would pass to Mary's children or other descendants, as long as the will does not indicate otherwise.

Explanation: This example illustrates how a lapse statute can prevent a gift from failing if the intended recipient dies before the person who made the will or trust. Instead of the gift going to the deceased recipient's heirs or to the state, the lapse statute allows the gift to pass to the recipient's descendants, as long as the will or trust does not indicate otherwise.

lapse | larceny

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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