Definition from Nolo’s Plain-English Law Dictionary
Putting together or mixing various properties in order to achieve equal division among beneficiaries or heirs. For example, an estate may contain cash, securities, personal belongings, and even real estate which are part of the residue of an estate to be given to "my children, share and share alike." To make such distribution possible, all of the items are put in the hotchpot and then divided.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:17 pm