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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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and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
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I didnt see if anyone answered my UGA question. Did anyone answer it?
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@Dkkm11: are you not still a young rapscallion?
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Nah, I am gray-bearded wizard.
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Hmmm. I guess that’s okay.
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Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
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Does your life come in 5 year epochs typically?
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Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
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Inside thoughts!
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this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
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Yeah, my life really does flow in about 5 years periods.
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My crypto also flows in 5 day epochs too.
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what do you do with your days as an unemployed crypto guy? do you play an instrument or something
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please lawd
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forgive me
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its time to go back to tha old me
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this is what i feel like when i get one single drill question right
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when u get one wrong ;(
therapist slander detected
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20:37
Anyone got any polymarket locks
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Is anyone in here cool like fr cool
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Like watch college football cool
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Or like
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Frat
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20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
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no way they want four pages that’s crazy
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