Legal Definitions - set over

To set over means to formally transfer or convey property, rights, or assets from one person or entity to another. This transfer can occur through various legal mechanisms, such as a court order, a will, or a trust agreement, effectively changing who legally owns or controls the item in question.

• Example 1: Divorce Settlement

  During a divorce proceeding, a judge might issue an order that sets over the full ownership of the marital home to one spouse. This means the judge legally transfers the other spouse's interest in the property to the designated spouse, making them the sole owner.

• Example 2: Establishing a Trust

  When an individual creates a living trust to manage their assets for their beneficiaries, they must set over their personal property, such as bank accounts, investment portfolios, or valuable artwork, into the trust. This action legally transfers ownership of these assets from the individual to the trust, to be managed according to the trust's terms.