{"id":5316,"date":"2016-10-07T17:13:25","date_gmt":"2016-10-07T17:13:25","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5316"},"modified":"2016-10-07T17:13:25","modified_gmt":"2016-10-07T17:13:25","slug":"gift-given-will-no-longer-exists","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/gift-given-will-no-longer-exists\/","title":{"rendered":"What if a Gift Given in a Will No Longer Exists?"},"content":{"rendered":"

By Lane V. Erickson<\/a>, Attorney<\/p>\n

The purpose of creating a Last Will and Testament is so you can give your property away to those you choose. But the question comes up sometimes about what happens if a gift that is given in a Last Will and Testament no longer exists when the giver of the gift dies. When this happens then the gift fails because it no longer exists. The key is contained in the language used in the Last Will and Testament. The few examples will help illustrate this.<\/p>\n

Suppose for a moment that you create your Last Will and Testament. In doing so you provide a specific gift in your Last Will and Testament of your Range Rover car to your son. Now let’s suppose that you’re actually driving the Range Rover vehicle, you get into an accident which destroys the Range Rover and which leads to your death. In this instance your gift to your son specifically is your Range Rover car. Because your Range Rover car was destroyed in the accident that took your life, there is no Range Rover car remaining to be given to your son as a gift. In this example the gift of your Range Rover car to your son fails.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Lane V. Erickson, Attorney The purpose of creating a Last Will and Testament is so you can give your property away to those you choose. But the question comes up sometimes about what happens if a gift that is given in a Last Will and Testament no longer exists when the giver of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-5316","post","type-post","status-publish","format-standard","hentry","category-estate-planning"],"yoast_head":"\nWhat if a Gift Given in a Will No Longer Exists|Racine Olson<\/title>\n<meta name=\"description\" content=\"The purpose of creating a Last Will and Testament is so you can give your property away to those you choose. 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