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Highlight the reasons that may cause a legacy to fail.

Highlight the reasons that may cause a legacy to fail.

Answers


Maurice
(i) Lapsing: a legacy lapses in circumstances in which the beneficiary predecease the donor.

(ii) Ademption: a legacy deems if a particular subject matter bequeathed to a
particular beneficiary does not belong to the testator or does not exist.

(iii) Abatement: a legacy abates if the testators estate cannot satisfy all legacies.


(iv) Uncertainty: a legacy fails if there uncertainty as to the beneficiary or the subject matter of the legacy.

(v) Illegality: a legacy fails if the gift its subject matter is illegal by law.
maurice.mutuku answered the question on April 30, 2018 at 05:56

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