Need to know the Ad Litem definition after coming across this weird term?
Ad litem is short for “Guardian Ad Litem” or “Attorney Ad litem”, a legal term that refers to the person appointed by the court to investigate what results would be of best interest to the child (or a grownup that is legally incapacitated of representing himself) in the lawsuit at hand. The Guardian Ad Litem (GAL), then, represents that person and fights for that outcome.
The most common use for it is in divorce lawsuits. But in Real Estate it can also have many uses:
- Say a kid becomes an orphan – a GAL will be appointed to act on his or her behalf in court regarding the kid’s rights to inheritance.
- If a situation arises for a non-verbal person with special needs and no relatives that leads to a Homes for the disabled lawsuit, the court will also appoint a GAL.
- It can even be used in a property litigation: to act on behalf of an estate if the owners are unavailable or unwilling to do so.
Lastly, in case you’re wondering: The root of the Ad Litem definition comes from Latin. The word Ad Litem means “for the suit”, or “for the proceeding”.
Have a Real Estate Agent as your guardian, protecting your best interests at all times!
Popular Real Estate Terms
Legal obligation to pay taxes associated with owning property or earning income. For example, a real estate owner must pay property taxes. ...
The term over-improvement in real estate defines a substantial and somewhat exaggerated land improvement compared to other properties in the area. For example, an individual builds at a ...
People say time is money. The old-age cliche applies more than ever in our case as we define what the Time Value of Money (TVM) means. You’ll find the term time value for money ...
Government owned lands, for conservation purposes or for specific uses such as dams and hydropower. Public lands are owned by federal, state, and local governments. Many public lands are ...
Flood insurance is a type of home insurance created to protect a homeowner’s property against damages caused by floods. Flood insurance is typically not included in the regular ...
Form of real estate organization created by an agreement between two or more individuals who contribute capital and/or their services. Advantages are: it is easily established with minimal ...
The appraisal approach is used to estimate the value of an asset, based on various factors to reach the closest educated guess of the asset. While an appraisal approach does consider the ...
Small furnace placed between the studs of a wall. It is typically electric, but in the past more frequently was gas. ...
Tax deduction permitted upon the transfer of property from one spouse to another. The deduction is allowed under the federal gift tax for lifetime transfers or under the federal estate tax ...

Have a question or comment?
We're here to help.