failure of issue
A failure of issue occurs when a property-holder dies but leaves behind no living children or direct descendants to inherit the property. There are two specific types:
- Definite Failure of Issue: a failure of issue determined at a specific time set in a will;
- Indefinite Failure of Issue: a failure of issue for which no time limit is set in a will.
[Last reviewed in February of 2022 by the Wex Definitions Team]
Wex
- LIFE EVENTS
- family & personal matters
- financial events
- wills
- PROPERTY
- trusts
- inheritances & estates
- wex definitions
- family law
- property law