Estate – legal or equitable?

     This page is also continued from  Property>>>> Interest >>>> Estate:

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equitable estate – an estate or interest in property recognized only in equity, especially a trust.

  • equitable life estate – an equitable estate (interest) in real or personal property that lasts for the life of the holder of the estate. (e.g. a life estate held by a trust beneficiary)

legal estate – an interest (estate in property) recognized by and enforced in law rather than in equity.

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