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KembaraXtra – Legal Terms – Portion
A portion is property or funds given to a child by a parent or someone acting in place of a parent.
Its purpose is usually to establish the child in life, such as by providing business capital or long-term support.
Amounts given merely for maintenance, education, or ordinary living expenses are not considered portions.
In succession law, a portion may affect inheritance calculations through doctrines such as hotchpot or satisfaction.
Courts may presume that a portion replaces or reduces a legacy unless the donor intended otherwise.
A portion is property or funds given to a child by a parent or someone acting in place of a parent.
Its purpose is usually to establish the child in life, such as by providing business capital or long-term support.
Amounts given merely for maintenance, education, or ordinary living expenses are not considered portions.
In succession law, a portion may affect inheritance calculations through doctrines such as hotchpot or satisfaction.
Courts may presume that a portion replaces or reduces a legacy unless the donor intended otherwise.
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