Crossword Genius

Frilly corsets for one hand-me-down (6)

Ross

I believe the answer is:

legacy

'hand-me-down' is the definition.
(I've seen this before)

'frilly corsets for one' is the wordplay.
'frilly' becomes 'lacy' (I've seen this in other clues).
'corsets' is an insertion indicator.
'for one' becomes 'eg' (I've seen this in other clues).
'lacy' placed around 'eg' is 'LEGACY'.

(Other definitions for legacy that I've seen before include "Post-death gift" , "Something bequeathed in will" , "Willed gift" , "Money left" , "What is left to one in will" .)

I've seen this clue in The Guardian.
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