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Simple English definitions for legal terms

succession tax

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A quick definition of succession tax:

Succession Tax: A tax that is paid when someone inherits money or property from someone who has passed away. It is a way for the government to collect money from the transfer of wealth between generations. Taxes are charges that the government imposes on people, businesses, transactions, or property to raise money for public needs. They can be paid in different forms, not just money.

A more thorough explanation:

A succession tax is a type of tax that is imposed on the transfer of property or assets from a deceased person to their heirs or beneficiaries. It is also known as an inheritance tax.

For example, if a person passes away and leaves behind a large estate, their heirs may be required to pay a succession tax on the value of the assets they inherit. The amount of tax owed will depend on the value of the estate and the tax laws in the jurisdiction where the deceased person lived.

Succession taxes are a way for governments to generate revenue and can be used to fund public services and programs. However, they can also be controversial, as some people argue that they unfairly penalize individuals who have worked hard to accumulate wealth and want to pass it on to their loved ones.

succession duty | successio praedilecta

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19:11
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.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
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
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
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)
21:07
okay I’ll check them out
21:40
hey so where do i see my LSAC GPA bc i know they calculate it differently
21:40
sorry new to dis
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