What does allotment mean in law?

allotment refers to the creation of a separate property interest under the dominion of the spouse. The spouse must hold the property with the express intent of providing support to the other spouse. It is not enough to show simply that the spouse holds the property as a joint tenant. In order for the property to be considered separate, the spouse must demonstrate that he or she intended the property to be for the benefit of the other spouse.

What does allotment of land mean?

Allotment of land is the transfer of a portion of a landlord's estate to a tenant for the purpose of establishing a tenancy Instead of assigning a portion of the property as a tenancy, some landlords choose to issue a lease to the tenant and deed the remainder to the tenant as a freehold, giving the tenant full rights to the property.

What does allotment mean in court?

When someone dies without a will, an estate can be distributed according to the rules of intestate descent and distribution. This means that the deceased’s next of kin will receive an inheritance based on their relationship to the deceased. The courts will determine the heirs’ share according to the family tree.

What does allotment mean in English?

Allotment means to divide something out to different people or for different purposes. In the context of life insurance, an allotment is the portion of your premium that is assigned to the different benefits you will receive under your policy. You can generally choose to name an individual as the primary beneficiary or you can name a spouse and any other individuals as secondary beneficiaries. If you name multiple people as primary beneficiaries, the death benefit will be paid out to the beneficiaries in the order of their importance to you

What does allotment mean in law terms?

Allotment refers to the division of a single asset or debt between two or more people. It is important to understand that when you have a joint account, the account holder has control over the account if the account has a joint owner or co-signer. Allotment means that each account holder can make transactions or withdrawals on the account as they see fit. However, all account holders need to agree on any action that will be taken with the account. Therefore, joint accounts are perfect for