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Simple English definitions for legal terms

expectancy

Read a random definition: dominus directus

A quick definition of expectancy:

Expectancy refers to the amount of an inheritance that someone is expected to receive when a family member dies. This is not a guaranteed amount, but rather a potential share of the estate. It is not allowed to sell or transfer this potential inheritance, but in some cases, it may be possible to give up this right in exchange for something else. Expectancy can also refer to the expectation of a business relationship that has been unfairly disrupted.

A more thorough explanation:

Expectancy refers to the potential share of an estate that an heir may inherit upon the death of an ancestor. However, since expectancies are not yet vested, their transfer is generally considered void under common law.

For example, if a person's grandfather has a will that leaves a portion of his estate to his grandchildren, those grandchildren have an expectancy in the estate. However, until the grandfather passes away and the will is executed, the grandchildren do not have a guaranteed right to the inheritance.

It is possible for an expectancy to be released or given up in exchange for something of value, such as money or property. This can be recognized by courts as long as it is done without fraud or coercion.

Expectancy can also refer to the expectation of a business relationship that has been wrongfully interfered with. For instance, if a company intentionally causes a business partner to break a contract with another company, the affected company may have an expectancy claim against the interfering company.

exonerative fact | expectation damages

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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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