Definitions for "Contingent Bequest" Add To Word List
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a testamentary gift that takes place only if the testator is not survived by certain individuals or if other stated conditions are not met.
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a gift that takes effect only if the primary beneficiary or beneficiaries of the bequest predecease you
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a provision in your will that provides for the situation where a beneficiary dies before you or disclaims the property
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A gift in your Will which depends upon the occurrence of an event which may or may not happen. For example - a bequest to a charity which applies only if other beneficiaries named in the Will die before the testator (person who made the Will).
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This is a bequest that will only come to Goodspeed Musicals if the other named beneficiaries do not survive the donor.
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