Under North Carolina law, how are lapsed gifts handled when a will’s sole beneficiary predeceases the testator without an alternate?

Under North Carolina Law, How Are Lapsed Gifts Handled When a Will’s Sole Beneficiary Predeceases the Testator Without an Alternate? Detailed Answer 1. What Is a Lapsed Gift? A gift in a will “lapses” when the person named to receive it (the beneficiary) dies before the testator. In that situation, the gift fails and the…