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Simple English definitions for legal terms

Purchase Money Resulting Trust

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A quick definition of Purchase Money Resulting Trust:

Purchase Money Resulting Trust: When a couple buys a house together but only one person's name is on the title, the law says that the other person still has a right to the house if the title-holder dies without a will. This is called a purchase money resulting trust. The non-title holding partner can get the house if they paid for it too.

A more thorough explanation:

A purchase money resulting trust is a legal concept used in trusts and estates law. It applies to domestic partnerships when both partners contribute to the purchase of a property, but only one partner's name is on the title. If the partner whose name is on the title dies without a will, the purchase money resulting trust is awarded to the non-title holding partner.

This means that the non-title holding partner will receive the property as a result of their contribution to the purchase, even though their name is not on the title. However, this is only true if the non-title holding partner can prove that they gave consideration (such as money or labor) for the property.

John and Jane are in a domestic partnership and decide to buy a house together. They both contribute money towards the down payment, but only John's name is on the title. Unfortunately, John dies without a will. Because they were in a domestic partnership and both contributed to the purchase, Jane can claim a purchase money resulting trust and receive ownership of the house.

Another example could be a situation where a couple buys a car together, but only one person's name is on the title. If that person dies without a will, the other partner may be able to claim a purchase money resulting trust and receive ownership of the car.

Purchase Money Mortgage | Purchase-money collateral

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Inside thoughts!
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this is where I post my inside thoughts
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Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
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Yeah, my life really does flow in about 5 years periods.
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My crypto also flows in 5 day epochs too.
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what do you do with your days as an unemployed crypto guy? do you play an instrument or something
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please lawd
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forgive me
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its time to go back to tha old me
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this is what i feel like when i get one single drill question right
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when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
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Anyone got any polymarket locks
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Is anyone in here cool like fr cool
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Like watch college football cool
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Or like
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Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
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no way they want four pages that’s crazy
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bitches wanna be different sooo bad 😴
1a2b3c4d26z
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Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
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But it's 1/2 inch margins
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assuming it was 2 already, you’ve totally got 3 double spaced pages in you
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should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
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I like Dean Z not sure why she gets slandered sometimes
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I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
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okay I’ll check them out
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