LAPSED LEGACY - Legal Dictionary

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LAPSED LEGACY		. One which is extinguished. The extinguishment may take place for various reasons. See Legacy, Lapsed. 2. A distinction has been made between a lapsed devise of real estate and a lapsed legacy of personal estate. The real estate which is lapsed 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. 2154-6.
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