Conditional Will.

 

A conditional will, also known as a contingent will or conditional bequest, is a provision in a person's last will and testament that specifies that a certain gift or bequest will be made only if certain conditions are met. These conditions can be events, circumstances, or actions that must occur or take place for the gift to be valid.

For example, a person might include a conditional will provision stating that a certain sum of money will be donated to a charitable organization only if that organization is still in existence at the time of their death. If the organization ceases to exist, the gift would not be made.

Conditional wills can also involve personal circumstances, such as requiring a beneficiary to reach a certain age or complete a specific educational milestone before they can receive their inheritance. The conditions set forth in a conditional will are typically based on the individual's preferences, values, and desired outcomes.

It's important to note that the validity and enforceability of conditional wills can vary depending on the jurisdiction and local laws. Some jurisdictions may impose limitations on the types of conditions that can be included in a will, while others may strictly enforce the conditions as long as they are lawful and clear.

If you are considering creating a conditional will or have questions about one, it is advisable to consult with an estate planning attorney or legal professional who can provide guidance based on your specific jurisdiction and circumstances.