Lapse and anti-lapse
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Lapse and anti-lapse are complementary concepts under the law of wills, which address the disposition of property that is willed to someone who dies before the testator (the writer of the will).
[edit] Lapse
Lapse is a common-law rule that if the person to whom property is left (called the beneficiary or devisee) were to die before the testator, then the gift would be ineffective. The property would instead go to the testator's residuary estate.
Under the common law, if the deceased beneficiary was intended to inherit part or all of the residuary estate, then that portion of the estate would pass by intestate succession, as though the testator had left no will. This was called the "no residue of a residue" rule, because the portion of the residuary estate that did not itself pass under the will could not be considered part of the residuary estate at all.
Under the New UPC, however, Section 2-604(b) states that, "...if the residue is devised to two or more persons, the share of a residuary devisee that fails for any reason passes to the other residuary devisee, or to other residuary devisees in proportion to the interest of each in the remaining part of the residue." Simply put, if there are two parties in the remainder and one has not survived, the entirety of the remainder goes to the surviving residuary devisee.
Note that, in jurisdictions which have adopted the Uniform Simultaneous Death Act, or adopted the 1991 version of the Uniform Probate Code as opposed to the prior existing Uniform Probate Code, any devisee who dies within 120 hours after the testator is legally considered to have died before the testator. In such jurisdictions, only a devisee who survives more than 120 hours after the testator is considered to have met this "statutory survival test."
[edit] Anti-lapse statutes
Most common-law jurisdictions have enacted an anti-lapse statute to address this situation. The anti-lapse statute "saves" the bequest if it has been made to parties specified in the statute, usually members of the testator's immediate family, if those family members had descendants. If this is the case, then the descendants of the deceased beneficiary will inherit whatever was willed to that beneficiary. The testator can prevent the operation of an anti-lapse statute by providing that the gift will only go to the named beneficiary if that beneficiary survives the testator, or by simply stating in the will that the anti-lapse statute does not apply.
Another modification to the common law of lapse is the elimination of the "no residue of a residue" rule where multiple beneficiaries are named to inherit the residue. The modern view is that where a beneficiary was intended to inherit part of the residuary estate who predeceases the testator, and that beneficiary is not covered by the anti-lapse statute, then that beneficiary's inheritance will return to the residuary estate, to be inherited by the other beneficiaries to whom the residue has been willed.