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Simple English definitions for legal terms

collateral-inheritance tax

Read a random definition: derivative conveyance

A quick definition of collateral-inheritance tax:

A collateral-inheritance tax is a type of tax that is charged by the government on the property or assets that are inherited by someone who is not a direct relative of the deceased person. This tax is meant to generate revenue for the government and is a way for them to collect money from inheritances that are not going to immediate family members. Taxes are charges that the government imposes on people, businesses, or property to raise money for public needs.

A more thorough explanation:

A collateral-inheritance tax is a type of tax that is imposed on the inheritance received by a person who is not a direct descendant or ancestor of the deceased. This tax is usually levied by the government to generate public revenue.

For example, if a person inherits a property from their uncle, they may be required to pay a collateral-inheritance tax on the value of the property they received.

This tax is different from an estate tax, which is imposed on the entire estate of a deceased person before it is distributed to their heirs. A collateral-inheritance tax is only imposed on the inheritance received by non-direct descendants or ancestors.

Overall, a collateral-inheritance tax is a way for the government to generate revenue from inheritances that are received by people who are not direct descendants or ancestors of the deceased.

collateral heir | collateral issue

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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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