GIFT OVER


Meaning of GIFT OVER in English

A device used in wills and trusts to provide for the gift of property to a second recipient if a certain event occurs, such as the death of the first recipient. For example, I give you my car but on your death you must give it to your child; that is a gift over to the benefit of your child.

Duhaime's Law English dictionary.      Английский юридический словарь Duhaime .