Donee Beneficiary - Law Dictionary Search Results
donee beneficiary
Matched in: Term donee beneficiary
beneficiary
Matched in: Term beneficiary
trust
title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old … : passive trust in this entry executed trust : a trust in which nothing is left to be done by the trustee but preserve the property and execute the purpose of the trust to benefit the beneficiaries
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Conversion, equitable
it is destined to be changed. See 3 & 4 Wm. 4, c. 74, s. 71. But the beneficiary, or all the beneficiaries together, provided they are sui juris and unanimous, may elect to take the property … 497; 1 W&TLC. This principle is governed by the doctrine of equity, that that which ought to be done shall be deemed as actually done. The property thus equitably transmuted by anticipation will possess all the qualities,
Trust
expressive of a mere expectation or wish, no trust will arise; as where the words are, that the donee will be kind to or remember, certain objects or classes, or the like; or where the donor uses … Trust, is a comprehensive expression, as covering not only the relationship of trustee and beneficiary but also that a bailor and bailee master and servant pledger and pledgee, guardian and ward and all
Consideration
the consideration has been completed before the corresponding promise has been performed; 2nd, executory, or something to be done after the promise; 3rd, concurrent, as in the case of mutual promises; and 4th, continuing, i.e., executed in … open to the grantor to prove that the consideration was merely nominal. The consideration of marriage covers all beneficiaries within the consideration, that is to say, the children of the marriage. It is not the same as
Settled land
will devolve on the death of the life tenant in the same way as the land would have done if it had remained unsold [Re Monckton, (1913) 2 Ch 636], and see s. 22 of the Act … to 1890, subject to safeguards provided by the Acts for the protection of the estate and the other beneficiaries under the settlement, and these powers have been reproduced and extended by the Act of 1925 (see Parts
Contingent legacy
(English) L.P. Act, 1925, which provides that incases where more than 21 years of age of an unborn donee has been fixed for vesting, the gift is to take effect as if 21 years had been fixed. … relate to the disposal of the fund, or it may relate to the position or existence of the beneficiary; in the first case as in a bequest to be paid or payable to A. when he shall
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