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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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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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