18:51
join the ethically ambiguous legal field instead
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
personal estate
Read a random definition: boundary by acquiescence
A quick definition of personal estate:
A personal estate is a type of property that belongs to a person. It includes things that a person owns, like their clothes, furniture, and money. Personal estate is different from real estate, which is land and buildings. When someone dies, their personal estate is usually given to their family or friends.
A more thorough explanation:
Personal estate refers to personal property, which is the right to possess, use, and enjoy a specific thing, whether it is a piece of land or a chattel. It is the right of ownership over something.
For example, a car, a piece of jewelry, or a painting are all personal property. The owner has the right to use and enjoy these items as they see fit, and they can sell or transfer ownership to someone else.
Another example of personal estate is a bank account. The account holder has the right to use the funds in the account and can withdraw or transfer the money to another account.
Overall, personal estate refers to any external thing over which the rights of possession, use, and enjoyment are exercised.