What happens if the gift you were left in the will no longer exists?

Here's something that many beneficiaries and executors have had to figure out, amicably or otherwise - what happens when a specific gift left to the beneficiary in a will no longer exists? Does the beneficiary get something else instead, or is he simply out of luck? Click here to read a short but informative article about what happens in this case and how you can prevent this from happening in  your own will, from www.estatedebate.com.