TAKER

TAKER

taker, n. A person who acquires; esp., one who receives property by will, by power of appointment, or by intestate succession. [Cases: Wills 492¨C495. C.J.S. Wills ¡ì¡ì 902¨C905, 928, 956, 964¨C966.]

first taker. A person who receives an estate that is subject to a remainder or executory devise.

presumptive taker. A person who would take under the applicable provisions if the takers were to be finally ascertained at the present moment.

taker in default. A person who will receive property not effectively appointed; esp., a person designated by a donor to receive property under a power of appointment if the donee fails to exercise that power.


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