IHTM12085 - Legacies and devises: vesting (Scotland)
This has to be considered when a testamentary gift may seem
to fail owing to the death of the legatee in the testator's (
IHTM12001) lifetime, or at any time
before the bequest to him takes effect and the property involved
becomes theirs to dispose of absolutely, for example during the
currency of a liferent (
IHTM16071).
Where a bequest is anything other than residue and fails, it
will normally fall into residue.
When a bequest of residue fails, the property devolves under
intestacy. (
IHTM12101)
The basic point is what the testator's intentions were and
what the legal rules which apply in such situations are. Any case
where the point arises should be referred to TG.
