Webhotchpot: The process of combining and assimilating property belonging to different individuals so that the property can be equally divided; the taking into consideration of … Webhotchpot n. [Anglo-French hochepot, from Old French, thick soup or stew, from hochier to shake + pot pot] 1 : the combining of properties into a common lot to ensure equality of …
Will clause: Hotchpot clause Practical Law
WebDec 18, 2024 · The person making the Will (the “Testator”) should include a specific 'hotchpot clause' in their Will (and, sensibly, keep a list of gifts with the will, updated from … WebSep 12, 2024 · The hotchpot principle is a reflection of the maxim ‘equality is equity’. This requires equal treatment of creditors so that each ranks pari passu with all creditors of the same class . The ... gadget hackwrench swimming
What Does a Hotchpot Clause In a Will Mean? - Disinherited
In civil and property law, hotchpot (sometimes referred to as hotchpotch or the hotchpotch rule) is the blending, combining or offsetting of property (typically gifts) to ensure equality of a later division of property. The name hotch-pot is taken from a kind of pudding, and is derived from the French word hocher, or … See more It commonly arises in cases of divorce financial proceedings often in the guise of other names and general principles used. Hotchpot remains of occasional use in a dwindling range of jurisdictions worldwide to divide up a … See more Scotland The principle exists in the law of Scotland in cases of succession and is known as collatio inter liberos. See more • Collation See more WebWill clause: Hotchpot clause. A clause for a will, where the testator wants any absolute gift, made to a beneficiary under the will, to take account of any lifetime gift to that beneficiary. This standard clause can be adapted for any will or codicil. To access this resource, sign in below or register for a free, no-obligation trial. Webhotchpot n. [Anglo-French hochepot, from Old French, thick soup or stew, from hochier to shake + pot pot] 1 : the combining of properties into a common lot to ensure equality of division among those entitled to a share of an estate which requires that advancements (as to a child) be made up to the estate by contribution or by an accounting ... gadget hackwrench transformation