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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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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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