hotchpot
hotch·pot /'häch-ˌpät/ 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 compare collation

Merriam-Webster’s Dictionary of Law. . 1996.

hotchpot
the mixing together of property belonging to different persons with a view to dividing it equally. In English succession law it describes the bringing into account of the benefits received by a beneficiary prior to the death of an intestate. All advances to children must be taken into account: Administration of Estates Act 1925. It has been abolished for deaths after 1995. For Scotland, See collatio inter haeredes, collatio inter liberos.

Collins dictionary of law. . 2001.


hotchpot
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.
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

hotchpot
England, Wales
Literally, a "mixture of property".
Broadly, hotchpot clauses and rules apply to trusts and wills, to ensure fairness to the beneficiaries by taking into consideration amounts already received when calculating the final amount due to the beneficiaries under the terms of the trust or will.
For deaths before 1 January 1996, the Administration of Estates Act 1925 specified gifts to be taken into account where there was an intestacy or partial intestacy, but these rules were abolished by the Law Reform (Succession) Act 1995 for deaths on or after that date.
• A hotchpot clause in a trust document usually requires the value of all the trust's assets, including sums the beneficiaries have already received from that trust, to be added together in order to ensure an equal division between the beneficiaries when the trust comes to an end. If the trustees are exercising a power of advancement under section 32 of the Trustee Act 1925, any advances to a beneficiary must be taken into account when the beneficiary becomes entitled to his or her share of the trust capital.
• A hotchpot clause in a will usually requires the personal representatives to take account of lifetime gifts made to the beneficiaries by the testator, when calculating the amount they are to receive under the terms of the will.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


hotchpot
The process of combining and assimilating property belonging to different individuals so that the property can be equally divided; the taking into consideration of funds or property that have already been given to children when dividing up the property of a decedent so that the respective shares of the children can be equalized.

Dictionary from West's Encyclopedia of American Law. 2005.


hotchpot
The process of combining and assimilating property belonging to different individuals so that the property can be equally divided; the taking into consideration of funds or property that have already been given to children when dividing up the property of a decedent so that the respective shares of the children can be equalized.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

hotchpot
n.
   the putting together, blending or mixing of various properties in order to achieve equal division among beneficiaries or heirs. There may be 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.

Law dictionary. . 2013.

Look at other dictionaries:

  • Hotchpot — Hotch pot , Hotchpotch Hotch potch , n. [F. hochepot, fr. hocher to shake + pot pot; both of Dutch or German origin; cf. OD. hutspot hotchpotch, D. hotsen, hutsen, to shake. See {Hustle}, and {Pot}, and cf. {Hodgepodge}.] 1. A mingled mass; a… …   The Collaborative International Dictionary of English

  • hotchpot — [häch′pät΄] n. [ME hochepot < OFr, stew < hocher, to shake (< Frank * hottisōn, akin to LowG hotzen < IE base * kwet , to shake > L quatere) + pot, POT3] Eng. Law a pooling of property of different persons for equal redistribution …   English World dictionary

  • Hotchpot — In property law, hotchpot (sometimes referred to as hotchpotch or the hotchpotch rule) refers to the blending of property in order to secure equality of division. It usually arises in cases of divorce or in connection with advances made from the… …   Wikipedia

  • hotchpot — The blending and mixing property belonging to different persons, in order to divide it equally. Anciently applied to the mixing and blending of lands given to one daughter in frank marriage, with those descending to her and her sisters in fee… …   Black's law dictionary

  • hotchpot — The blending and mixing property belonging to different persons, in order to divide it equally. Anciently applied to the mixing and blending of lands given to one daughter in frank marriage, with those descending to her and her sisters in fee… …   Black's law dictionary

  • hotchpot — noun Etymology: Anglo French hochepot Date: 1552 the combining of properties into a common lot to ensure equality of division among heirs …   New Collegiate Dictionary

  • hotchpot — /hoch pot /, n. Law. the bringing together of shares or properties in order to divide them equally, esp. when they are to be divided among the children of a parent dying intestate. [1250 1300; ME hochepot < AF, lit., shake pot. See HOTCH, POT1] * …   Universalium

  • hotchpot — noun The blending together of property so as to achieve equal division, especially in the case of divorce or intestacy …   Wiktionary

  • hotchpot — hotch·pot || hÉ‘tʃpÉ‘t / hÉ’tʃpÉ’t n. combining of the various properties of a deceased person in order to evenly distribute them among the heirs (Law) …   English contemporary dictionary

  • hotchpot — hotch·pot …   English syllables

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