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Simple English definitions for legal terms

alternate legacy

Read a random definition: PTA

A quick definition of alternate legacy:

Alternate Legacy: A type of gift that a person can leave in their will. It allows the person receiving the gift to choose between two or more items. For example, if someone leaves an alternate legacy of a car or a boat, the person receiving the gift can choose which one they want.

A more thorough explanation:

An alternate legacy is a type of legacy in which the testator allows the legatee to choose one of two or more items. It is a gift by will, especially of personal property and often of money.

  • A testator leaves a will that gives his son the option to choose between a car or a house as his inheritance.
  • A testator leaves a will that gives his daughter the option to choose between a sum of money or a piece of jewelry as her inheritance.

These examples illustrate how an alternate legacy allows the legatee to choose between two or more items as their inheritance. The testator gives the legatee the power to choose what they want to inherit, which can be beneficial if the legatee has a preference or if the items have different values.

alternate | alternate valuation date

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^ period
u know it was a double thing. I missed II and my gf didn't want to live in the midwest anymore
15:39
But it’s fucking uchicago thooo LOL
15:39
I
15:40
Makes sense tho
cumsock
15:40
@choosingpeace: there’s plenty to do in Philly 😂 it’s a giant city
So after missing the II, I was like whatever. Maybe it's a sign to withdraw
nah making decisions off the gf is out of pocket
nahhhhh we been together since 10th grade
texaslawhopefully
15:40
I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome
6 yrs on January 30th
lilypadfrog
15:40
awwww <3 i love love
I also like CLS for liberal clerking. approx 41 FCOA clerks per yr
It's there if I excel. if not then I'm chill with sticking to BL
texaslawhopefully
15:41
CLS is not even close to Chicago for clerking lmao
choosingpeace
15:41
wait would yall pick CLS or penn?
I didn't apply to either but I would pick penn
15:42
penn bc im in state
no no it's not. But I wouldn't clerk conservative, so idk about Chi #s for myself
cumsock
15:42
Penn
texaslawhopefully
15:42
I guess that's fair. From what I've heard UChicago for conservatives is on par w/ HYS for clerkships
texaslawhopefully
15:42
not sure about for liberals
cumsock
15:43
They’re very similar tho
cumsock
15:43
Both t6 ivies
Is that NYU disrespect???? NYU out the t-6?
15:44
Penn because my college friends who mentored me go there
lilypadfrog
15:45
NYU is a t6 unless they don’t accept me and then idgaf what they’re ranked
texaslawhopefully
15:46
That's the best mentality
texaslawhopefully
15:46
If I get into UChicago it will be CYS
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