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Simple English definitions for legal terms

modal legacy

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A quick definition of modal legacy:

Modal Legacy: A type of gift that someone leaves behind in their will, usually in the form of personal property or money. There are different types of modal legacies, such as absolute legacies that are given without any conditions, and conditional legacies that depend on something happening or not happening. A demonstrative legacy is a type of legacy that is paid from a specific source of money, but if there isn't enough money in that source, it can be taken from the person's general assets.

A more thorough explanation:

A modal legacy is a type of gift given through a will, usually in the form of personal property or money. It is similar to a bequest or devise, but with specific conditions attached to it.

  • Absolute Legacy: A legacy given without any conditions and intended to be received immediately.
  • Conditional Legacy: A legacy that will only take effect or be defeated based on the occurrence or non-occurrence of a specific event.
  • Contingent Legacy: A legacy that depends on an uncertain event and has not yet vested. For example, a legacy given to a grandchild "if they attain the age of 21."
  • Demonstrative Legacy: A legacy paid from a specific source, but if that source does not have enough money, the remaining amount is taken from the estate's general assets.
  • Additional Legacy: A second legacy given to a legatee in the same will or codicil as another legacy. It is supplementary and not considered a repeated expression of the same gift.
  • Alternate Legacy: A legacy that allows the legatee to choose one of two or more items.

For example, if a person's will states that their grandchild will receive $10,000 when they turn 25, this is a conditional legacy because it is dependent on the grandchild reaching that age. If the will states that the grandchild will receive $10,000 from the sale of a specific piece of property, this is a demonstrative legacy because it is paid from a specific source.

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babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
KnowledgeableRitzyWasp
10:00
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
snow
10:00
whys that?? you're lowkey inspiring me now
snow
10:01
ive been wanting a thigh tat for so long
snow
10:01
or maybe something on my knee, but i heard thats hella painful
Dkk
10:01
I wouldn't say trauma, the trauma would probably come from seeing my friends head get crushed by an LTV and feeling the bag of glass that was his skull in my hands. Or knowing a kid I mentored shot himself with a bullet he used to keep around his neck that I allowed him to have illegally.
Dkk
10:01
Feet shit though, just annoying.
KnowledgeableRitzyWasp
10:01
dkk that is heavy stuff
snow
10:01
jesus dk
BulbasaurNoLikeCardio
10:01
Winter is tattoo season because you are less likely to be in the sun exposing the healng tattoos, you dont go swimming or tanning in winter either so you don't miss out on the fun stuff of summer
MinorHomelyStoat
10:02
Guys
MinorHomelyStoat
10:02
Do u think I will hear from au today
snow
10:02
homely i hope we do!
MinorHomelyStoat
10:02
Yes is the only correct answer ty
Dkk
10:02
Lmfao, it's just part of life in the military. Couple years ago a guy I knew got crushed by a tree. Is what it is.
snow
10:02
@BulbasaurNoLikeCardio: thats smart. i dont know anything about tattoo care lol
babycat
10:02
Also piercings are better to get in the winter
snow
10:02
dk i feel like you would do great in criminal defense
soap
10:02
you good Dk?
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