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Simple English definitions for legal terms

clause of accrual

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A quick definition of clause of accrual:

A clause of accrual is a part of a legal document, like a will or a deed, that says if one person who was supposed to receive something dies, their share goes to the other person instead of being given to someone else. It's like a backup plan to make sure the surviving person gets everything they were supposed to get.

A more thorough explanation:

A clause of accrual is a provision that can be found in a gift by will or in a deed between tenants in common. This clause grants the shares of a predeceasing beneficiary to the surviving beneficiary.

For example, if a husband and wife own a property as tenants in common and the husband passes away, the clause of accrual would grant the husband's share of the property to the surviving wife. This ensures that the property remains with the surviving beneficiary and does not pass to the deceased beneficiary's heirs.

Another example would be in a will where a parent leaves their estate to their children as tenants in common. If one of the children passes away before the parent, the clause of accrual would grant the deceased child's share to the surviving siblings.

The clause of accrual is important in ensuring that the intended beneficiaries receive the full benefit of the gift or property ownership. It also helps to avoid disputes and confusion over ownership rights.

claused bill of lading | clause paramount

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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
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@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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