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Simple English definitions for legal terms

equitable asset

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A quick definition of equitable asset:

An equitable asset is something that someone owns and has value, but can only be paid out through a court of equity. This means that it can only be distributed fairly and justly, according to the rules of the court. Examples of equitable assets might include things like intellectual property or certain types of investments.

A more thorough explanation:

An equitable asset is an item that has value and is subject to payment only in a court of equity. This means that the asset can only be claimed through a legal process, such as a lawsuit or court order.

For example, a person may have a claim to an equitable asset if they were wronged by another party and are seeking compensation. The asset in question may be property, money, or other valuable items that the court determines should be awarded to the injured party.

Another example of an equitable asset is a trust fund. The assets held in a trust are subject to the terms of the trust agreement and can only be distributed according to those terms. If a beneficiary of the trust believes they are entitled to more than what is being distributed, they may need to go to court to seek an equitable remedy.

equitable adoption | equitable assignment

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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