An equitable estate is usually a right or interest in land, which, not having the properties of a legal estate, but being merely a right of which courts of equity will take notice, requires the aid of such court to make it available. 2. These estates consist of uses, trusts, and powers. It is an estate whose only remedy is in equity, e.g. a trust with a beneficial income for another person.
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Law Dictionary » E » EQUITABLE ESTATE