All estate whereby the creditor, under the custom of London, retained the possession ofall his debtor’s lands until his debts were paid. 1 Greenl. Cruise, Dig. 515. See STATUTEMERCHANT.
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ESTATE BY THE CURTESY
Tenant by the curtesy of England is where a lnausurvives a wife who was seised in fee-simple or fee-tail of lands or tenements, and liashad issue male or female by […]
ESTATE FOR LIFE
A freehold estate , out of inheritance , but which is held bythe tenant for his own life or tlie life or lives of one or more other persons, or […]
ESTATE FOR YEARS
A species of estate less than freehold, where a man has aninterest in lands and tenements, and a possession thereof, by virtue of such interest,for some fixed and determinate period […]
ESTATE FREEZE
Assets are transferred from the owner to a beneficiary to not incur capital gains . An example is common stock transferred by the owner at a nominal value in exchange […]
ESTATE IN BANKRUPTCY
These are the assets that go to the trustee under bankruptcy laws .
ESTATE IN COMMON
An estate in lands held by two or more persons, with interestsaccruing under different titles; or accruing under the same title, but at different periods;or conferred by words of limitation […]
ESTATE IN COPARCENARY
An estate which several persons hold as one heir,whether male or female. This estate has the three unities of time, title, and iwssession;but the interests of the coparceners may be […]
ESTATE IN DOWER
A species of life- estate which a woman is, by law, entitled toclaim on the death of her husband, in the lands and tenements of which lie was seisedin fee […]
ESTATE IN EXPECTANCY
One which is not yet in possession, but the enjoyment of which is to begin at a future time;a present or vested contingent right of future enjoyment. These are remainders […]
ESTATE IN FEE-SIMPLE
The estate which a man has where lands are given to himand to his heirs absolutely without any end or limit put to his estate. 2 Bl. Comm. 100;Plowd. 557; […]
ESTATE IN FEE-TAIL
generally termed an ” estate tail .” An estate of inheritancewhich a man has, to hold to him and the heirs of his body, or to him and particularheirs of […]
ESTATE IN JOINT TENANCY
An estate in lands or tenements granted to two ormore persons, to hold in fee-simple, fee- tail, for life, for years, or at will. 2 Bl. Comm.180; 2 Crabb, Real […]
ESTATE IN POSSESSION
An estate whereby a present interest passes to andresides in the tenant, not depending on any subsequent circumstance or contingency . 2Bl. Comm. 103. An estate where the tenant is […]
ESTATE IN REMAINDER
An estate limited to take effect in possession, or inenjoyment, or in both, subject only to any term of years or contingent interest that mayIntervene, immediately after the regular expiration […]
ESTATE IN REVERSION
A species of estate in expectancy , created by operation oflaw, being the residue of an estate left in tlie grantor, to commence in possession afterthe determination of some particular […]
ESTATE IN SEVERALTY
An estate held by a person in his own right only, withoutany other person being joined or connected with him in point of interest, during bisestate. This is the most […]
ESTATE IN VADIO
An estate in gage or pledge. 2 Bl. Comm. 157 ; 1 Steph. Comm. 282.
ESTATE OF FREEHOLD
An estate in land or other real property , of uncertainduration; that is, either of inheritance or which may possibly last for the life of thetenant at the least, (as […]
ESTATE OF INHERITANCE
A species of freehold estate in lands, otherwise called a”fee,” where the tenant is not only entitled to enjoy the land for his own life, but where,after his death, it […]
ESTATE PLAN
Estate owner’s instructions on handling estate assets at the owner’s death, full disability, or legal incapacitation.
ESTATE PLANNING
Instructions for estate asset disbursement to heirs at the owner/author’s death. Includes drawing up a will, setting up trusts, and gifting property.
ESTATE PUR AUTRE VIE
Estate for another’s life. An estate in lands which a manholds for the life of another person. 2 Bl. Comm. 120; Litt
ESTATE TAIL
See ESTATE IN FEE- TAIL.
ESTATE TAIL, QUASI
When a tenant for life grants his estate to a man and hisheirs, as these words, though apt and proper to create an estate tail , cannot do so,because the […]