What Is Meant by Hotchpot?
Blackstone Defined "Hotchpot" as "The Blending and Mixing Of. Property Belonging to Different Persons, in Order to Divide It. Equally."' the Word Is Used Today...
Blackstone defined "hotchpot" as "The blending and mixing of. property belonging to different persons, in order to divide it. equally."' The word is used today in wills to require certain persons, usually children of the testator, to bring into account in the division.
What does bring into hotchpot mean?
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.
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How is hotchpot calculated?
Hotchpot is the theoretical estate that one would have if he had not given away advancements. (I.e., add the advancements into the estate.) To calculate the distributions with hotchpot, just distribute the theoretical hotchpot and then subtract out the advancements already received from people's shares.