MLchartDataset catalogue

Hotchpot

Term · Law · MLC-T-LAW-002465

The bringing together of property belonging to different persons into a common fund for the purpose of equal distribution. This legal principle applies when an heir has received an advancement from a deceased person during their lifetime. The advancement is added to the estate's total value before division, and then deducted from the heir's share to achieve fairness among all beneficiaries.

Table 1. Record
IdentifierMLC-T-LAW-002465
FieldLaw
Record as JSON
{
  "id": "MLC-T-LAW-002465",
  "term": "Hotchpot",
  "field": "Law",
  "definition": "The bringing together of property belonging to different persons into a common fund for the purpose of equal distribution. This legal principle applies when an heir has received an advancement from a deceased person during their lifetime. The advancement is added to the estate's total value before division, and then deducted from the heir's share to achieve fairness among all beneficiaries.",
  "url": "https://mlchart.com/terminology/law/hotchpot/"
}

Record 2,384 of 5,441 in Law terminology (MLC-0107). Request the full dataset.