Lapsed Legacy

A legacy which, on account of the death of the legatee before the period arrives for the payment of the legacy, lapses or deviates from the course prescribed by the testator, and falls into the residuum.

1 Williams, Ex'rs, 1036.

A distinction exists between a lapsed devise and a lapsed legacy. A legacy which lapses does not fall into the residue unless so provided by the will, but descends to the heir at law; on the contrary, personal property passes by the residuary clause where it is not otherwise disposed of.

2 Bouv. Inst. 2154-2156.

See "Lapsed Devise."

See Lapsed Devise.