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LSDefine

Simple English definitions for legal terms

contingent legacy

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A quick definition of contingent legacy:

A contingent legacy is a type of gift that is given through a will, but it depends on something uncertain happening before it can be given. For example, if someone leaves money to their granddaughter "if she attains the age of 21," the granddaughter will only receive the money if she reaches that age. If she doesn't, the money will go to someone else. This is different from an absolute legacy, which is given without any conditions and can be received immediately.

A more thorough explanation:

A contingent legacy is a type of gift given through a will, usually of personal property or money, that depends on an uncertain event and has not yet vested. This means that the gift will only be given if the event specified in the will occurs.

For example, a grandfather may leave a contingent legacy to his granddaughter "if she attains the age of 21." This means that the granddaughter will only receive the gift if she reaches the age of 21.

Contingent legacies are different from absolute legacies, which are given without any conditions and are intended to vest immediately. They are also different from conditional legacies, which will take effect or be defeated subject to the occurrence or nonoccurrence of a specific event.

contingent-interest mortgage | contingent liability

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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