{"id":8664,"date":"2017-11-20T01:51:21","date_gmt":"2017-11-20T01:51:21","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=8664"},"modified":"2018-06-11T16:05:24","modified_gmt":"2018-06-11T16:05:24","slug":"equitable-estate-an-estate-recognized-in-equity-such-as-a-trust-beneficiarys-interest","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=8664","title":{"rendered":"equitable estate – an estate or interest in property recognized only in equity, especially a trust"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from\u00a0Property<\/a> >>>>\u00a0Interest<\/a>\u00a0>>>> Estate<\/a>\u00a0>>>> Estate –\u00a0legal\u00a0<\/em>or\u00a0equitable<\/em>?:<\/a><\/strong><\/span><\/p>\n

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equitable estate<\/span>:<\/span><\/strong><\/span>
\n(17c)<\/span><\/span><\/p>\n

1<\/span><\/strong>. An estate<\/a> recognized in equity<\/a><\/span>, such as a trust beneficiary\u2019s interest. <\/strong>[1]<\/span><\/span><\/p>\n

1. An equity<\/a>; an estate<\/a> <\/span><\/span>or interest<\/a> in property recognized only in equity<\/a>, especially a trust<\/a>. McIlvaine v Smith<\/em>, 42 Mo 45<\/span>.<\/span><\/strong>
\n\u00a0 \u00a0 See equitable title<\/em><\/a>.<\/strong> [2]<\/span><\/p>\n

1. An interest<\/a> in property<\/a>\u00a0<\/span>recognized only in equity<\/a>. \u00a0EXAMPLE: the interest<\/a> of a beneficiary of a trust<\/a>.<\/strong> [3]<\/span><\/p>\n

\u00a0 \u00a0 \u00a0Excerpt fromG.C. Cheshire,<\/span> Modern Law of Real Property<\/em><\/a> 54 (3d ed. 1933):<\/strong><\/span><\/p>\n

\u00a0 \u00a0 \u00a0\u201c[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.<\/span>\u201d<\/strong> [4]<\/span><\/p>\n

Related Terms:<\/strong><\/span><\/p>\n

equitable title<\/span><\/a> – indicates a beneficial interest in property, recognized as ownership in equity, but not legal title, that gives the holder the right to have the legal title transferred to him.<\/span><\/strong><\/p>\n

Types of Equitable Estates:<\/span><\/strong><\/p>\n

equitable life estate<\/span><\/a> – 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)<\/span><\/strong><\/p>\n

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References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 <\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em> Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0\u00a0Ballantine\u2019s Law Dictionary <\/a><\/span><\/strong>Legal<\/b><\/span><\/a><\/em> Assistant<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

[4]:\u00a0G.C. Cheshire, Modern Law of Real Property<\/em><\/a> 54 (3d ed. 1933).<\/strong><\/span><\/p>\n

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