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Simple English definitions for legal terms

commingling

Read a random definition: C.J.S.

A quick definition of commingling:

Commingling: When someone mixes their money with someone else's money, it's called commingling. This is usually a problem when a person who is supposed to take care of someone else's money, like a lawyer or financial advisor, mixes it with their own money. It's against the rules because it can lead to the loss of the other person's money. It can also be a problem in some states when a married person mixes their own money with their spouse's money, because it can make it harder to divide things up if they get divorced.

A more thorough explanation:

Definition: Commingling is when funds belonging to one party are mixed with funds belonging to another party. This is often seen when a fiduciary improperly mixes their personal funds with funds belonging to a client. This violates ethical rules and can lead to unexpected loss of funds.

Example 1: A lawyer mixes their personal funds with funds belonging to their client. This violates Rule 1.15(a) of the Model Rules of Professional Conduct, which requires lawyers to keep their clients' property separate from their own property. This can lead to the unexpected loss of client funds.

Example 2: In community property states, certain assets acquired during a marriage are viewed as jointly owned by both spouses. If a spouse mixes their separate property with marital property, such as in a joint bank account, they risk forfeiting some of the separate property in the event of a divorce. For example, in California, property acquired during a marriage is presumed to be community property and must be proven otherwise.

Both examples illustrate how commingling can lead to unexpected loss of funds or property. It is important to keep separate property and funds clearly separated to avoid any legal or ethical issues.

commingled goods | commission

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2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
1a2b3c4d26z
17:07
isn't 340 perfect?
1a2b3c4d26z
17:08
So i feel like they're fine
shaquilleoatmeal
17:08
If one of yall can guess what I ended up gettin at sg about an hour ago I’ll Venmo the cost of the meal😂
if when i called gtown they told me "you will 100% get a decision at the end of this week." and i DO not get a decision today. how badly am i legally allowed to crash out. like i have a feeling i ain't getting anything today 😭
1a2b3c4d26z
17:09
Crash out really hard
shaquilleoatmeal
17:09
https://imgur.com/a/rRr0oeT
1a2b3c4d26z
17:09
evol style
1a2b3c4d26z
17:09
Jk dont do that
shaquilleoatmeal
17:09
Use that bowl size to guess, I’ll give you a hit, protein fuckin packed
1a2b3c4d26z
17:09
which garmin do you have?
1a2b3c4d26z
17:10
If that pic is of you
Kendrick album so good, I wasn't even focused on admissions today
oh i was just lisenting to him on the car ride hnome
awman i was hopign to come home to a ucla wave
is it too late? its 2pm there
OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
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