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LSDefine

Simple English definitions for legal terms

advancement

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A quick definition of advancement:

An advancement is a gift given by someone to a family member while they are still alive, usually when they think they might die soon. When the person who gave the gift dies, the value of the gift is counted as part of their estate. This means that the family member who received the gift might get less from the person's estate than they would have otherwise. The point of an advancement is to make sure that all family members are treated equally when the person who gave the gift dies.

A more thorough explanation:

An advancement is a gift given by someone to a family member while they are still alive. This is usually done when the person giving the gift thinks they might die soon. When the person dies, the value of the gift is included in the calculation of their estate. This means that the amount of money or property the family member receives from the estate will be reduced by the value of the gift. The main reason for giving an advancement is to make sure that all family members are treated equally when the estate is divided up.

For example, let's say that a father has three children. He gives one of his children a car as an advancement. When the father dies, his estate is worth $300,000. Without the advancement, each child would receive $100,000. However, because of the advancement, the child who received the car will only receive $80,000. This is because the value of the car is $20,000, and that amount is subtracted from the child's share of the estate.

This example shows how an advancement can affect the distribution of an estate. By giving the car as an advancement, the father was able to make sure that all of his children received an equal share of his estate.

advance sheets | adversary proceeding

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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