Equitable interests

Equitable interests refer to rights or benefits a person holds in a property or asset, even if they don’t have formal legal ownership. These interests arise in situations like trusts, where one person manages property for the benefit of another. For example, if someone inherits a property but it's held in trust until they're older, they have an equitable interest in it. Essentially, it reflects a person's fair entitlement to something, based on principles of fairness and justice, rather than strict legal title or ownership.