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Legal Definitions - lucrative title
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Definition of lucrative title
Definition: A title acquired without giving anything in exchange for the property; title by which a person acquires anything that comes as a clear gain, as by gift, descent, or devise.
Example: If someone inherits a house from a relative who passed away, they have acquired a lucrative title to the property because they did not have to pay for it.
Explanation: A lucrative title is a type of legal ownership that is acquired without any exchange of money or other valuable consideration. It is often acquired through inheritance or as a gift. In the example given, the person who inherited the house did not have to pay for it, so they acquired a lucrative title to the property. This type of title is treated as separate property in marriage because it was acquired without any contribution from the spouse.
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Simple Definition
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