conditional bequest

A bequest whose effectiveness or continuation depends on the occurrence or nonoccurrence of a particular event.

• An example might be a testator’s gift of “the income from the farm to my daughter, Betty, until she remarries.” If a condition prohibits certain legal conduct, such as using tobacco or growing a beard, it is sometimes termed a reformation condition or character-improvement condition. [Cases: Wills 639–668. C.J.S. Wills §§ 1380–1424.]

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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。