Legal or equitable estates

Legal Distribution

This chapter discusses the changes made by and the effect of the legislation. A judge body whose presiding officer is the Chief Justice of the United States. B bankruptcy A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code the Bankruptcy Code.

See also equitable interests. Under the terms of settlement W had an equitable life interest which would determine if he alienated the property. The clerk's office is often called a court's central nervous system.

Whole provisions yet to be inserted into this Act including any effects on those provisions: Judges can consider non-economic contributions to the family such as if your spouse took care of the home and kids while you worked and earned the pension.

Property that is subject to division includes property that was accumulated during the marriage and appreciation of value of assets during the marriage.

Equitable Interests

C chapter 7 The chapter of the Bankruptcy Code providing for "liquidation," i. Plaintiff counsel says - Since the plaintiff was in occupation, the defendant had notice of all his rights and equities, including the equity to rectify. Chapter 15 The chapter of the Bankruptcy Code dealing with cases of cross-border insolvency.

A person interested in land is one who has rights in it. Judgment The official decision of a court finally resolving the dispute between the parties to the lawsuit. Chapter 7 The chapter of the Bankruptcy Code providing for "liquidation," that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.

A property settlement agreement PSA may be as comprehensive or as limited as desired by the parties. Lien A charge on specific property that is designed to secure payment of a debt or performance of an obligation. Community service A special condition the court imposes that requires an individual to work — without pay — for a civic or nonprofit organization.

A separate court of "equity" could order someone to do something or to cease to do something e. If someone transfers property for no consideration, there is an almost knee jerk reaction that as long as the transferor is insolvent the transfer must be avoidable as a fraudulent conveyance.

Law of Property Act 1925

Creditor A person to whom or business to which the debtor owes money or that claims to be owed money by the debtor. The mortgagor Crabtree - C gave title documents to P when the mortgage was created but when he was the manager of the company he retained the key to the safe where it was kept.

The bankruptcy appellate panel affirmed, and the trustee appealed to the 10th Circuit. Declaratory judgment A judge's statement about someone's rights. Judicial Conference of the United States The policy-making entity for the federal court system.

The one whose trustee fraudulently conveyed the estate or the trustees who have honestly taken conveyance of that estate, advanced the money of their cestuis que trust on the faith of that estate which they have got. Appellate review de novo implies no deference to the trial judge's ruling.

G Grand jury A body of citizens who listen to evidence of criminal allegations, which is presented by the prosecutors, and determine whether there is probable cause to believe an individual committed an offense.

Collateral Property that is promised as security for the satisfaction of a debt. C adversely possesses A and then contracts to convey the unencumbered fee simple to D - can he. Injunction A court order preventing one or more named parties from taking some action.

In '46, J buys an auction at a firm knowing it was occupied by the S tenant. Estates that give the tenant seisin as well as the right to possession.

future interest -- An interest in real property that may be fully exercised or enjoyed only at some future time. When applied to estates, the term “future interest” refers to a right to possession to commence some time in the future. (legal or equitable as the case. You are the legal owner, but the equitable owners are you and your relative.

Perhaps you have a savings account into which you put money for a young friend or relative, too young to have their own account. A person may either have a legal interest or equitable interest in land. There are two types of estates in land legally recognised, A fee simple absolute in possession and a term of years absolute.

Personal rights can only be enforced by and against parties of the contract, where as proprietary rights are capable of binding the parties of the.

Costs of sale and taxes to be considered in equitable distribution of a business. equitable distribution (45) estates (39) family law (47) family law Add category (1) immigration (3) jurisdiction (3) landlord tenant (12) Brief description of your legal issue.

Equitable remedy Definition. In the absence of a legal remedy, equitable remedies allow recovery where it would be unjust to allow one party to benefit at the expense of another party.

Equitable Estate Law and Legal Definition

An equitable interest is an "interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the interest held by a trust beneficiary.".

Legal or equitable estates
Rated 3/5 based on 74 review
Equitable Distribution | Michael Eisenberg, Esq. | Attorney | Hatboro, PA