Conditional Bequest

Conditional Bequest - A Conditional Bequest is a provision in a will or trust that designates the transfer of assets or property to a beneficiary only if certain specified conditions or criteria are met. This type of bequest allows the testator to impose requirements that must be fulfilled for the beneficiary to receive the inheritance.

Class Information

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Identification

Label (rdfs)
Conditional Bequest
Preferred Label
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Alternative Labels
Conditional Testamentary Gift, Contingent Bequest
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Definition and Examples

Definition
A Conditional Bequest is a provision in a will or trust that designates the transfer of assets or property to a beneficiary only if certain specified conditions or criteria are met. This type of bequest allows the testator to impose requirements that must be fulfilled for the beneficiary to receive the inheritance.
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Additional Information

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Deprecated
False

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