equitable estate

Definition of "equitable estate"
  1. It's the legal arrangements where one party has the beneficial rights to a property while the ownership is legally held by a trustee or a person who is considered a trustee under equity law
How to use "equitable estate" in a sentence
  1. When the trust was established, an equitable estate was created to benefit the grandchildren.
  2. An equitable estate was set up to ensure the distribution of the property's income to the beneficiaries, while the trustees held the legal title.
  3. In case of corrupt practices, the judge might consider an equitable estate to benefit the parties who were unfairly treated.

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