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Simple English definitions for legal terms

contingency with a double aspect

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A quick definition of contingency with a double aspect:

A contingency with a double aspect is when there are two possibilities for who will get a piece of property after someone else dies. For example, if someone leaves their property to their friend for their lifetime, and then to their friend's children, but if their friend doesn't have any children, then the property goes to someone else. This is called a contingent remainder with a double aspect. It means that there are two options for who will get the property, depending on what happens.

A more thorough explanation:

Definition: Contingency with a double aspect is a type of remainder in which a contingent remainder exists along with a second remainder. The second remainder takes effect only if the first one fails. For example, "to A for life, and if A has children, then to the children and their heirs forever; and if A dies without children, then to B and B's heirs forever."

This means that if A has children, they will inherit the property after A's death. However, if A dies without children, then B will inherit the property. This is an example of a contingency with a double aspect because there are two possible outcomes depending on whether A has children or not.

Other types of remainders include:

  • Vested Remainder: A remainder that is given to an ascertained person and is not subject to a condition precedent. For example, "to A for life, and then to B."
  • Contingent Remainder: A remainder that is either given to an unascertained person or made subject to a condition precedent. For example, "to A for life, and then, if B has married before A dies, to B."
  • Defeasible Remainder: A vested remainder that will be destroyed if a condition subsequent occurs. For example, "to A for life, and then to B, but if B ever sells liquor on the land, then to C."
  • Charitable Remainder: A remainder, usually from a life estate, that is given to a charity. For example, "to Jane for life, and then to the American Red Cross."

These examples illustrate the different types of remainders that can exist in property law. Each type has its own set of rules and conditions that must be met for the remainder to take effect.

contingency reserve | contingent claim

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Dkk
19:58
@windyMagician: I agree with that. I used to think politics was for people who just wanted attention and were willing to say anything to fit in with a social group. I had a community college professor who changed my mind on that.
texaslawhopefully
19:59
This is where I think there’s value to political philosophy, but also to finding good news sources
Dkk
19:59
Yeah and that all loops around into the kind of person you become and values and etc. etc
20:00
@Dkk: ok boomer
I'm gonna say it: destiny is hot
lilypadfrog
20:04
no
20:05
@windyMagician: u dont know what youre talking about
lilypadfrog
20:05
what’s next. mr. beast is hot? let’s get serious here
20:05
get real
lilypadfrog
20:05
get a grip buddy
its okay if you hate me, they hated jesus
Dkk
20:06
Asmongold, super hot especially after a 72 hour no shower session.
lilypadfrog
20:06
I don’t even know who that is
lilypadfrog
20:06
Dk is a new kind of pervert
Dkk
20:06
I just found out about that guy a week ago but he is actually a big streamer. Sam Hyde told me about him.
lilypadfrog
20:07
your good personal friend Sam Hyde
YouTube is recommending sam hyde to me thanks to dk
Dkk
20:07
Lmfao, that would be cool but nah. Told me about him in a super secret leaked video called "Dear Elon"
lilypadfrog
20:08
I almost saw a picture of Nick Mullen’s penis once
Dkk
20:09
Classic Season 1/2 cumtown leak.
lilypadfrog
20:09
He sent it to my friend
Well I look like a bum, use to my work computer not allowing us to send emails without a subject and sent one without a subject to UTK. Blame the newborn baby brain
20:10
@BulbasaurNoLikeCardio: wow you are really impressive applying to law school as a newborn baby
20:10
.
Dkk
20:11
@lilypadfrog: Speaking of Destiny and Nick. Still seems like Nick is leaking graphic content: https://x.com/brandonpagano/status/1881468884798365804
lilypadfrog
20:11
I read that as you sent them a pic of the baby for a second
kjds are getting crazier
texaslawhopefully
20:11
Sorry to interrupt this scintillating conversation but uchicago needs to release tmrw 😭
20:11
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20:12
sorry
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