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 ?
BIM Advancements in Utilities and Industrial Asset Performance
Troy), which enforced a bylaw amendment that retroactively eliminated expense advancements to former directors.
The first evaluation of the advancement process at this community hospital was conducted in 2000 due to decreasing numbers of applicants, the advancement committee's concern as to the perceived value of the advancement program by administrators and staff nurses, and the task-oriented emphasis of the criteria.
Sonic Foundry is changing the way organizations communicate via the web and how people around the globe receive vital information needed for work, professional advancement, safety and education.
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.
I asked a number of friends who know history to tell me what advancements of science or human understanding, exclusive of tools of war, were produced under conservative regimes.
For contributions in the advancement and transfer of technology in the areas of stand reclamation and molding sand technologies.
GAO also identified 28 advancements that show potential to further improve cabin safety and health.
the worldwide leader in IPTV solutions for business, announced today they will be demonstrating at the Satellite 2007 tradeshow several key advancements as part of their content management and content distribution products.
More than 20,000 Sailors will advance to E4, E5, and E6 with the release of the spring petty officer advancement results later this week.
While this heat can be directly attributed to an economy that is starting to shake off the dust, it also is due to the passion for industry-wide advancement and success that motivates many metalcasters.
I hope to maintain in society a strong sense of values and morals, to emphasize the importance of education and to encourage people to proceed onto higher levels of learning, to ensure the access of education to as many people as possible, and also to render advancements in technology, but not at the expense of the human spirit.

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