Advancement

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Advancement

Money or property given to a person by the deceased before death and intended as an advance against the beneficiary's share in the will.

Advancement

Any asset given to a person before the donor's death with the agreement that the asset will be considered part of the recipient's inheritance from the donor's estate when he/she dies. That is, if an elderly person has left his granddaughter 20% of his estate in his will, but gives her cash or assets equal in value to 5% of the estate as an advancement, then the granddaughter will only receive 15% of the estate when the elderly person dies.
References in periodicals archive ?
The court also noted that there is no requirement that conditions on advancements be included in the same document granting the advancement rights.
The continual advancements in front-end semiconductor manufacturing depends not only on equipment design and improvements, but also on the development of innovative materials and associated processing that defines the overall device circuitry," concludes Muthuramalingam.
Every advancement that makes them uncomfortable prompts a yearning for the good old days, for a return to the traditional values of another time.
For significant contributions to the advancement of sand technology, beneficial reuse of foundry sand and dissemination of this technology to the metalcasting industry.
Automation is the biggest advancement for monitoring and system efficiency control, he adds.
With these advancements content management becomes much simpler as well.
Although many technological advancements will aid in fighting diseases and will improve many aspects of life, they can also get out of control if people are not cautious of the steps they take.
However, further innovations in the design of architecture for electronics components and more efficient use of raw materials are critical to achieving additional advancements that will pave the way to the new era.
Even after many years in the metalcasting industry, I still see opportunities for improvement and advancement waiting to be snatched up every time I walk through a foundry," remarked one speaker.
Lloyd will head the development and advancement of the new Hemiwedge(R) product line of valve technology.
SFA will be active in helping Arizona to position itself as a hub of bioscience, industry and scientific advancements that lead to improved healthcare and quality of life throughout the state.

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