Declaration Of Trust - Law Dictionary Search Results
Deed
in an appointment under a power or (before 1926) in a covenant to stand seised, or a simple declaration of uses, because such deeds themselves fulfil that office by limiting the estate to be created. (g) Tenendum. This … lesser. Then consenting parties and covenantors. After these, those who take any estate or interest, and, amongst these, trustees follow real owners. Lastly, those who are inserted to fix them with notice of the deed, as creditors,
Settled land
he may exercise the powers of a tenant for life. A similar result can be attained by way of trust for sale [(English) L.P. Act, 1925, s. 2], but the owner may also convey the legal estate simply … settlement, or if the legal estate is already vested in the tenant for life or statutory owner, must declare that the land is vested in him for that estate. The expression 'Tenant for life' [defined in s.
Appointment of new trustees
additional trustees. S. 40 provides for the vesting of the trust property in the new trustees by a declaration in the deed of appointment or, deeds of appointment executed after 1925, no express vesting declaration appears, by
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Marriage settlement
conveyed (see TRUST FOR SALE) to trustees upon trust to sell and hold the proceeds upon the trusts declared by a deed of even date, which declares the trusts of the proceeds in practically the same form … property to that of personalty as far as possible, marriage settlements of land (not being effected by way of trust for sale), and if providing for infant or for a succession of interests in land or charging land
Vesting instrument
way of trust for sale (Settled Land Act, 1925, s. 4). The trusts are (after 1925) to be declared by a separate instrument called the Trust Instrument (see that title). Sec. 5 of the Act provides that … thereof. This evidence is essential for the settlement of a legal estate in land otherwise than by way of trust for sale (Settled Land Act, 1925, s. 4). The trusts are (after 1925) to be declared by a
Executed trust
Matched in: Term Executed trust
Tail
equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust and which (if not barred or disposed of by will after 1925) will devolve inequity on the person … after 1925), or by agreement for a settlement in which the trusts to affect the property are sufficiently declared. Subject to his powers and duties as tenant for life under the (English) Settled Land Act, 1925, if
trust instrument
Matched in: Term trust instrument
Charitable uses and trusts
however, provides that assurances of land or personal estate to be laid out in land or separate instruments declaring the charitable trusts executed after 1925 need not be so enrolled, but that they must be sent to … Charitable uses and trusts. 9 Geo. 2, c. 26, commonly called 'The Mortmain Act,' 1735, after reciting that ifts or alienations of
Equitable estates and interests
transfer or vest the legal estate or ownership in the transferee, by mortgage or charge, and whenever a trust arises, either express, constructive, implied or by operation of law. In theory the legal owner alone was entitled, … including leaseholds and copyholds, were required to be in writing signed by the person entitled by law to declare the trusts, but this did not apply to trusts arising by construction, implication, or operation by law, and
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