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LSDefine

Simple English definitions for legal terms

class gift

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A quick definition of class gift:

A class gift is when someone gives something to a group of people, but the exact number of people is not known yet. The share of each person depends on how many people end up being in the group. For example, if someone gives a class gift to "grandchildren," the share of each grandchild will depend on how many grandchildren there are when the gift is given. It's like a surprise present for a group of people!

A more thorough explanation:

A class gift is a type of gift where the donor intends to benefit a group or class of people, rather than specific individuals. The number of recipients is uncertain at the time of the gift, but will be determined at a future time. Each recipient will receive a share of the gift, dependent on the ultimate number of people in the group.

For example, a donor may give a class gift to "grandchildren" or "nieces and nephews." The number of recipients will depend on how many grandchildren or nieces and nephews the donor has at the time of the gift. Each recipient will receive a share of the gift, based on the total number of grandchildren or nieces and nephews.

Class gifts are different from specific gifts, where the donor intends to benefit specific individuals. Class gifts are often used in estate planning, where the donor wants to leave a gift to a group of people, but does not know how many people will be in the group at the time of their death.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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