Equitable Distribution - Law Dictionary Search Results
Equitable distribution
Matched in: Term Equitable distribution
equitable distribution
Matched in: Term equitable distribution
trust
in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also … or trustee has duties to perform (as securing the property, ascertaining the objects of the trust, or making distributions) express trust : a trust intentionally created by the settlor ;specif : a trust created by a positive
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asset
asset acquired by either spouse or both spouses during a marriage NOTE: Marital assets are generally subject to equitable distribution on divorce. net assets 1 : the excess of assets over liabilities called also net worth 2 :
Equitable
Matched in: Term Equitable
conversion
In the case of a will in which a property owner authorizes the sale of real property and distribution of the proceeds, the property transforms into personalty by equitable conversion upon the owner's death. involuntary conversion : … common stock of the same company usually at a preset ratio or price and at a preset time equitable conversion : the constructive conversion of real property into personal property esp. as a result of a contract
Equitableness
The quality of being equitable just or impartial as the equitableness of a judge a decision or distribution of property
Socialism
theory or system of social reform which contemplates a complete reconstruction of society with a more just and equitable distribution of property and labor In popular usage the term is often employed to indicate any lawless revolutionary social
Implied trusts
Implied trusts. an implied trust is one which arises from an equitable construction put upon the facts, conduct, or situation of parties. Implied trusts have been distributed into two classes: … arises from an equitable construction put upon the facts, conduct, or situation of parties. Implied trusts have been distributed into two classes: (1) those depending upon the presumed intent of the parties, as where property is delivered
Hotchpot
more, then he must bring into hotchpots what he had before received. This principle is based upon the equitable doctrine of equality, being perfectly coincident with that conduct that a just parent would pursue towards all his … rest of the lands descending--i.e., bringing her lands so given into hotchpots. As to personality. The State of Distributions (22 & 23 Car. 2, c. 10), intended children to take equal shares of the goods and chattels
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