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LSDefine

Simple English definitions for legal terms

Settlement

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A quick definition of Settlement:

Settlement: A settlement is an agreement that ends a disagreement or problem between people or companies. It means they have decided to stop fighting and have come to an agreement. Sometimes, they keep the agreement private. In business, settlement means paying off a debt or closing an account. In wills and estates, settlement means finishing all the tasks that need to be done after someone dies, like giving away their things to the people they wanted to have them.

A more thorough explanation:

Definition: Settlement can mean different things depending on the context. Here are some common definitions:

  1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. This means that two parties who were in a disagreement have come to an agreement and decided to stop any legal action. The terms of the agreement are often kept private. For example, if two people were in a car accident and one person sued the other, they might settle out of court by agreeing on a certain amount of money to be paid to the person who was injured.
  2. In business law, settlement refers to the payment, satisfaction, and closing of an account. This means that a debt has been paid off and the account is closed. For example, if a company owed money to a supplier, they might settle the account by paying the full amount owed.
  3. In wills and estates, settlement refers to the complete execution of an estate by the executor. This means that all of the tasks related to distributing the assets of a deceased person's estate have been completed. For example, if someone passed away and left behind a will, the executor of the will would need to settle the estate by distributing the assets to the beneficiaries named in the will.
  4. In wills and estates, settlement can also refer to the conveyance of property interests to beneficiaries in a way that alters what they would receive as heirs under statutes of descent and distribution. This means that the beneficiaries named in a will might receive more or less than they would have if the estate had been distributed according to the laws of the state. For example, if someone left behind a will that gave a larger share of their estate to one child than the others, that child would receive more than they would have if the estate had been distributed equally among all of the children.

Overall, settlement refers to the resolution of a dispute or the completion of a task related to a legal matter or estate. It can involve agreements, payments, and the distribution of assets.

Settle | settler colonialism

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JumpySubsequentDolphin
20:42
if you have the means, I’ve heard private tutoring is the way to go
madollyy
20:44
Fingers crossed! I mean I'd be so so glad to go to law school period, but I am a bit of an overachiever. Dream is Berkeley rn, but I'm of course happy to go anywhere that lines up with my plans. And is kind enough with scholarships lol
madollyy
20:44
I'll have to see if my parents are willing to support that. I'm living on my own but ik if it'd help me they'd be willing to help
JumpySubsequentDolphin
20:47
who knows, you might not even need a tutor! Take a diagnostic and see where you stand :)
Dkk
21:03
@madollyy: yeah that happend to me too with my community college transcript. You can try calling to see if they can alter your transcript but like mine would not do it.
Dkk
21:04
Ask @babycat to tutor you @madollyy
cat food is expensive tho
21:09
I HOPW THAT ISNT REAL
@JumpySubsequentDolphin: I would push back on this. I think for the vast majority of people LSAT tutoring is unnecessary.
21:09
oh its from nov 12 phew
21:09
i was about to have a heart attack
21:09
at the berk decision lmao
@madollyy: I focus on bringing your GPA up as much as possible in the last semester because once you graduate you cannot change that. So don't study for the LSAT next semester if you think that would impair your ability to get straight A's. As for LSAT studying, I would recommend LSAT Demon (ik controversial), the Loophole, and Reading Comp Hero.
*I would focus
JumpySubsequentDolphin
21:11
@texaslawhopefully: oh I’m not sure hahaha im just basing off of my friend who got a tutor bc she was rly struggling and it seemed like it helped her!
Yeah, that's fair! For some people it can help a lot. I'm just saying in general I don't think it is necessary unless you are trying to finetune a very specific area (or get to the high 170s because that is another thing in and of itself) OR are just terrible at the test. I tutor the test and I find that most people can improve just as much through self-study.
JumpySubsequentDolphin
21:13
that makes sense for sure
JumpySubsequentDolphin
21:13
i think for her it was a lack of discipline more than anything else tbh. she could not get herself to meaningfully study on her own
madollyy
22:05
I've finished all my major requirements, so I'm taking pretty much all electives next semester. Keeping one major specific class bc I'm majoring in it for a reason haha. But I'll be pretty free to study and try and improve my GPA. I will try self study first, see where that gets me. If that doesn't work I'll look into tutoring!
the way there probs won't be another wave until after thanksgiving LMFAO
i hate this
JumpySubsequentDolphin
22:07
omg i just got a Snapchat memory of my friend losing her mind bc she thought Eminem was black
JumpySubsequentDolphin
22:07
SHES FROM MICHIGAN
JumpySubsequentDolphin
22:07
THIRTY MINS AWAY FROM DETROIT
babycat
22:10
most of the stuff a tutor will teach you is stuff you can figure out yourself if you’re sufficiently motivated. if you would benefit from some support and structure tutoring can be helpful
babycat
22:13
thanks for the plug dk you’re a sweetie
^^one hundred percent agree
babycat
22:16
texas what made you decide you wanted to go to law school so young? just opportunity cost or something else?
GodsPlanUltimately
22:45
I ust submitted my application on LSAC but why does it say transmitted (still in the active application) and is not in the complete application file?
GodsPlanUltimately
22:45
Freaking out here
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