What happens if a beneficiary of a will pre-deceases a testator?
Wills are typically described as “ambulatory” which means that they possess no force or effect prior to the death of the testator. Where the beneficiary of a gift predeceases the testator then as a general rule the gift will fail or “lapse”. Note that a deemed predecease will arise in various cases such as the effect of divorce on a gift made by one spouse to another. The effect is that for the purpose of any gift to that spouse the survivor will be deemed to have predeceased the testator. Another less well known example is the effect of renunciation of a gift.
With the Rugby Union season ending with, unfortunately, yet another Wales’ tour of New Zealand it has been a busy year for several members of Civitas Law who have been involved in both administrative and disciplinary hearings at a local, regional and international level.
Cathrine Grubb reports on views from this morning’s Business Insider manufacturing meeting – charting the way for Wales following last week’s referendum result.
Overall, the panel, consisting of VB Garg (Liberty Steel), Andrew Howell (BCB International), Paul Lindsey (Aerospace Wales) and Bob Clark (Clarks UK) were quite buoyant about the impact of the referendum result on Wales’ manufacturing industry.