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LSDefine

Simple English definitions for legal terms

money land

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A quick definition of money land:

Money Land: Money land is when someone puts their money into a special account called a trust. This trust is set up so that the money can be used to buy land in the future. It's like saving up your money to buy a special toy or treat, but instead of a toy, you're saving up to buy land!

A more thorough explanation:

Definition: Money land refers to money that is held in a trust with the intention of converting it into land.

For example, let's say that a person inherits a large sum of money and wants to invest it in real estate. Instead of buying land directly, they may choose to put the money into a trust that is specifically designed to convert the funds into land over time. This allows the person to take advantage of potential tax benefits and other advantages that come with holding money in a trust.

Another example of money land might be a situation where a group of investors pool their money together to purchase a large piece of land. Instead of each investor buying a portion of the land directly, they may choose to put their money into a trust that will eventually purchase the land on their behalf.

Overall, money land is a way for people to invest in real estate without having to directly purchase land themselves. By holding money in a trust, they can take advantage of various benefits and potentially see a greater return on their investment over time.

money judgment | money made

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ollie you need better stats than that to go to harvard :(
lilypadfrog
9:44
uchicago famously hates low gpas
GreyCeaselessMammoth
9:44
olliewillgotoUpenn
GreyCeaselessMammoth
9:44
i think he has good chances there
upenn famously hates high lsats
GreyCeaselessMammoth
9:45
ollie blueprint
cumsock
9:45
do you think about the days when we sat down smoking wine and drinking haze
PuppyBot
9:48
morninh
cumsock
9:48
i wanna quit my jorb
cumsock
9:49
and ride the rails
@cumsock: same and not cause it sucks, I love who I work with/for and it is super easy but I am trying to save a lot of LS so I can ball out while unemployed
How much is everyone trying to save up for when they get to school?
shaquilleoatmeal
9:51
@PuppyBot: tripppp, u were heavy on my mind last night after the bs in the chat
cumsock
9:51
i plan to be the most frugal mf alive in school
cumsock
9:52
paint chips for dinner
cumsock
9:52
thats what i always eat tho
lilypadfrog
9:52
glove do you want to go dumpster diving with me
cumsock
9:52
yea thats where all the good snacks are
cumsock
9:52
like plastic bags
lilypadfrog
9:53
😋😋😋😋
[] starfishies
9:53
@BulbasaurNoLikeCardio: i didn't think about this until it was too late lol i'll be lucky to save like 7k if that
shaquilleoatmeal
9:54
@BulbasaurNoLikeCardio: saving enough to have mortgage +bills for the first 2 years of law school, figured i can work again after the 2nd year but at least ill give myself the flexibility to focus on school and not bills. A little to the side because life happens and sometimes u need to prepared for hitting rock bottom
I am trying to be pretty frugal now, looked up the cost to have PODs move my shit and I am like fuck that is a lot. I am trying to squirrel half my monthly income away so I can have a fat amount of cushion
PuppyBot
9:54
@shaquilleoatmeal: how sweet
PuppyBot
9:55
i need to make my matcha
cumsock
9:55
we just need one parlay
I think my biggest stress will be two mortgages until my current place sells.
shaquilleoatmeal
9:56
@BulbasaurNoLikeCardio: yea 2 is no joke, and diapers cost just as much as 1 mortgage lmao
diapers are nothing... fucking formula cost and you gotta stock pile because the random shortages
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