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LSDefine

Simple English definitions for legal terms

favored beneficiary

Read a random definition: law of the partnership

A quick definition of favored beneficiary:

A favored beneficiary is someone who is designated to receive property or benefits from a legal arrangement or instrument, such as a will or insurance policy. They may receive disproportionate amounts of the property compared to others who have equal claims to it, which can raise concerns about their undue influence over the person who made the arrangement. Other types of beneficiaries include contingent beneficiaries, who receive the property if the primary beneficiary is unable or unwilling to take it, and third-party beneficiaries, who benefit from a contract's performance even though they are not a party to the contract.

A more thorough explanation:

A favored beneficiary is a person who receives a disproportionate amount of property from a testator's will compared to others who have equal claims to the property. This can raise concerns about the beneficiary's undue influence over the testator.

For example, if a wealthy person leaves the majority of their estate to their personal assistant, who has no familial relationship with them, it may suggest that the assistant exerted undue influence over the testator to receive such a large inheritance.

Another example could be a parent leaving a significantly larger portion of their estate to one child over others, without any clear justification for the discrepancy.

Overall, a favored beneficiary is someone who receives a larger share of property than others, which can raise questions about the fairness and validity of the will.

favor | favored nation

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WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
Other failed dates
babycat
14:55
That’ll do it
Question, how many of u would sleep on first date
babycat
14:57
honestly my answer is it depends
babycat
14:57
there has to be a very specific vibe to make me want to do that. not like a regular date
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