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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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