Equitable Estate – an estate recognized in equity, such as a trust beneficiary’s interest

equitable estate:
(17c)

1. An estate recognized in equity, such as a trust beneficiary’s interest.  See EQUITY.

     Excerpt fromG.C. Cheshire, Modern Law of Real Property 54 (3d ed. 1933):

     “[A] legal estate was a right in rem, an equitable estate a right in personam, that is to say, the former conferred a right enforceable against the whole world, the latter one which could be enforced only against a limited number of persons. [2]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: G.C. Cheshire, Modern Law of Real Property 54 (3d ed. 1933).

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