equitable estate
- 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
- When the trust was established, an equitable estate was created to benefit the grandchildren.
- 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.
- In case of corrupt practices, the judge might consider an equitable estate to benefit the parties who were unfairly treated.
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