Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

testamentary class

Read a random definition: asset-coverage test

A quick definition of testamentary class:

A testamentary class is a group of people who will receive a share of a gift in the future, but the exact number of people in the group is not known yet. They will each receive an equal or proportionate share of the gift. It is like a surprise group of beneficiaries.

A more thorough explanation:

A testamentary class is a group of beneficiaries who are uncertain in number but will be ascertainable in the future, when each will take an equal or other proportionate share of the gift. This term is often used in the context of wills and trusts.

For example, a person may leave a gift to "all of my grandchildren who are alive at the time of my death." At the time the will is written, it is uncertain how many grandchildren will be alive when the person dies. However, once the person passes away, the number of grandchildren who are eligible to receive the gift becomes ascertainable.

Another example of a testamentary class is a gift to "all of my employees who have worked for me for at least five years." At the time the will is written, it is uncertain how many employees will meet this requirement. However, once the person passes away, the number of eligible employees becomes ascertainable.

Overall, a testamentary class is a way to ensure that a gift is distributed fairly among a group of people who share a common characteristic or attribute, even if the exact number of beneficiaries is unknown at the time the will or trust is created.

testament | testamentary condition

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
HopefullyInLawSchool
12:57
its really funny tho
jackfrost11770
12:58
can i pleaseeeee get a decision pleaseeee
jackfrost11770
12:58
offices are closed until like jan 6 right
12:58
some r open now & fri
12:58
allegedly
HopefullyInLawSchool
12:58
@jackfrost11770: just looked at the status checker, yep it says ur GOATED
jackfrost11770
12:59
YOU TOO HOPEFULLY I JUST LOOKED UP SEXY IN THE DICTIONARY AND GUESS WHO'S NAME POPPED UP
BulbasaurNoLikeCardio
13:01
I know UTK is open at some point as I am suppose to have my decision by the 31st, just hoping sooner then later but not seeing anyone anywhere saying they are getting a call from them so I am guessing it isn't today.
13:02
@BulbasaurNoLikeCardio: wow that is surprising- I would have guessed that had responded by now.
13:02
*they
BulbasaurNoLikeCardio
13:03
They emailed me back when I hit them up saying I will have a decision with in two weeks which means the 31st is the last day. Was really hoping for today as I think before Christmas would mean an A because sending an R a couple days before Christmas is butt
BulbasaurNoLikeCardio
13:04
Last couple waves people started posting results 11ish and with none posted I am guessing nothing happening
snow
13:04
i didnt hear ANYTHING last week except 1 R
HopefullyInLawSchool
13:04
I got one R and one A last week
snow
13:04
also, I got a parking ticket for parking in my apartments parking garage, do I have to report this to law schools?
soap
13:05
Haha! What a fluke! I have not received any As today --- surely they just did not click the correct button to send the acceptance!
my toes are cold
i wish i had a space heater under my desk to stuff them in
my old job's power outlet couldnt handle a space heater at my desk rip
13:09
heated socks are legit
i need to will myself to mass apply to summer jobs today
soap
13:11
I'll probably study for the LSAT and browse apartments in Minneapolis today
i havent done any christmas shopping hahahaha fuck im fucked
You have like, 36 hours left chickenburgahfart
Better get cracking
dude im so cooked
i didnt have a chance to go christmas shopping since 1L finals went thru the 20th lol
waitlisted at fordham just received
@VolatileClumsyAcolyte: I'm sorry man, that's a bummer. A WL isn't a hard no, though, you've got this!
LSD+ is ad-free, with DMs, discounts, case briefs & more.