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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
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
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