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Legal Terms - Equitable estate
a property right that the Court of Chancery recognizes, as opposed to a *legal estate that common law courts recognize (see estate). Though they could be more adaptable (see shifting use and springing use), equitable estates represented legal interests. Prior to 1926, the majority of estate types could exist either in equity or at law; after 1925, only a small number of legal estates are permitted; all other land interests are referred to as *equitable interests. Technically, the term "equitable estate" is no longer accurate.
a property right that the Court of Chancery recognizes, as opposed to a *legal estate that common law courts recognize (see estate). Though they could be more adaptable (see shifting use and springing use), equitable estates represented legal interests. Prior to 1926, the majority of estate types could exist either in equity or at law; after 1925, only a small number of legal estates are permitted; all other land interests are referred to as *equitable interests. Technically, the term "equitable estate" is no longer accurate.
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