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Simple English definitions for legal terms

fideicommissary substitution

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A quick definition of fideicommissary substitution:

Term: FIDEICOMMISSARY SUBSTITUTION

Definition: Fideicommissary substitution is a legal arrangement where a person (the testator) leaves property to someone (the first heir) with the condition that they must pass it on to another person (the second heir) after their death. This means that the first heir cannot keep the property for themselves, but must transfer it to the second heir according to the testator's wishes.

A more thorough explanation:

Definition: Fideicommissary substitution is a legal arrangement where a person (the testator) leaves property to a beneficiary (the fiduciary), with the condition that the property will be passed on to another beneficiary (the fideicommissary) after the fiduciary's death.

For example, a wealthy man may leave his estate to his wife, with the condition that after her death, the estate will be passed on to their children. In this case, the wife is the fiduciary and the children are the fideicommissaries.

Another example is a person leaving a house to a friend, with the condition that after the friend's death, the house will be passed on to a charity. In this case, the friend is the fiduciary and the charity is the fideicommissary.

These examples illustrate how fideicommissary substitution works. The fiduciary is given temporary ownership of the property, but they are not allowed to dispose of it as they wish. Instead, they are obligated to pass it on to the fideicommissary after their death. This legal arrangement is often used in estate planning to ensure that property stays within a family or is used for a specific purpose.

fideicommissary heir | fideicommissum

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HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
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