_____ of a gift in a will means that the intended legatee forfeits the object because it no longer exists.

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Ademption is the term used to describe a situation where a gift in a will is no longer in existence at the testator's (person who made the will) death. This can occur if the testator sold or gave away the item before their death, or if the item was destroyed or lost. In such cases, the intended legatee (person who was meant to receive the gift) forfeits the object or item, and does not receive any substitute or replacement. Abatement refers to the reduction of gifts in a will in the event that the estate does not have sufficient assets to fulfill all of the bequests. Intestacy refers to a situation where a person dies without a valid will. Conversion refers to the unauthorized use or transfer of another person's property. Exemption refers to a deduction or tax benefit.

_____ of a Gift in a Will Means That the Intended