What is a Gift-over?
A gift-over tells us who should receive the gift if the beneficiary is not alive.
For example, if you wanted to leave a gift to your child, what would happen if they were not alive? Would you want it to go to their kids (Beneficiary's Issue)? Would you want it to go to their siblings and then down the line (Client's Issue)? Would you want half of their share to go to Charity A and another half to Charity B (Specific Distribution)?
Gift-overs can be added to both Absolute and Trust gifts in the Initial Gifts and Residue sections.