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LSDefine

Simple English definitions for legal terms

strict settlement

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A quick definition of strict settlement:

Strict settlement is a way of giving property to family members in a special way, different from how they would normally get it. It's like a special gift that can't be taken away easily. It was used a long time ago to keep property in the family by creating special rules about who could inherit it. Nowadays, there are other ways to give property to family members, but strict settlement is still an important part of history.

A more thorough explanation:

Definition: A property settlement that aims to keep the estate within the family by creating successive interests in tail and shielding remainders from destruction by the interposition of a trust.

Example: In a strict settlement, a family member may convey property or interests in property to other family members through a trust, rather than allowing it to be distributed according to the laws of inheritance. This ensures that the property remains within the family and is not lost to outsiders.

Explanation: A strict settlement is a legal arrangement that allows a family to keep their property within the family by creating a trust that outlines how the property will be distributed among family members. This type of settlement is often used to prevent the property from being lost to outsiders or to ensure that it remains within the family for generations to come. The trust shields the property from destruction and ensures that it is distributed according to the wishes of the settlor, rather than according to the laws of inheritance.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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.
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