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LSDefine

Simple English definitions for legal terms

testamentary gift

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A quick definition of testamentary gift:

A testamentary gift is a type of gift that is made in a will. It is a way for someone to give their property or belongings to someone else after they pass away. This is different from a gift given during someone's lifetime, which is called an inter vivos gift. A testamentary gift can be given to anyone the person making the will chooses, such as a family member or friend. It is important to have a will in order to make sure that your property is distributed according to your wishes after you die.

A more thorough explanation:

A testamentary gift is a type of gift that is made in a will. It is a voluntary transfer of property to another without compensation. The thing transferred is called a gift.

For example, if a person writes in their will that they want to leave their car to their niece, that is a testamentary gift. The car is the thing transferred, and the niece is the recipient of the gift.

Testamentary gifts can also be made to organizations, such as a charity or a religious institution. For instance, if a person writes in their will that they want to donate $10,000 to a local animal shelter, that is a testamentary gift.

It is important to note that a testamentary gift only takes effect after the person who made the will has passed away. Until then, they can change or revoke the gift at any time.

testamentary condition | testamentary guardian

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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.
[] 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
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