Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

springing interest

Read a random definition: NTIS

A quick definition of springing interest:

Springing interest: When someone owns property only after something specific happens or at a certain time, it's called a springing interest. This often happens in wills and estates, where a person inherits property only after a certain event occurs. For example, if Monica leaves her apartment to Chandler for his lifetime and then to Rachel, Rachel would have a springing interest because she would only own the property after Chandler passes away. This is different from a springing executory interest.

A more thorough explanation:

Springing interest is a type of ownership where a person only owns property after a certain event happens or at a specific time. This type of interest is often found in wills and estates.

For example, let's say that Ross owns a house and wants to leave it to his daughter Emma. However, he wants her to only own the house after she turns 25 years old. In this case, Emma has a springing interest in the house because she will only own it after she reaches the specified age.

Another example could be that Joey wants to leave his car to his best friend Chandler, but only if Chandler gets his driver's license. Chandler would have a springing interest in the car because he will only own it after he gets his license.

Springing interests are a way for people to control how their property is distributed and ensure that it goes to the right person at the right time.

Springing executory interest | sprinkling trust

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
LSD+ is ad-free, with DMs, discounts, case briefs & more.