Executory Estates - Law Dictionary Search Results
Executory estates
Matched in: Term Executory estates
Executory
Matched in: Term Executory
Executory devise
Matched in: Term Executory devise
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Remainder
former, case is called the particular estate.' Remainders are of three kinds:-(1) vested of executed; (2) contingent or executory; and (3) cross. The seven following rules affecting the remainders should be observed:- (1) There must be a … 1925, s. 4, as to the construction of equitable interests. A remainder may be limited in all freehold estates, but not strictly and technically in chattels real and personal, although these may be limited over after a
Springing use
Springing use, a form of use in the nature of an executory interest directing property inland to vest at a future period which does not coincide with the termination of … property inland to vest at a future period which does not coincide with the termination of a legal estate at common law, for instance. In conveyances before 1926, upon a grant by X. To B. to the
Trust
instruments or wills) must follow the precise form of legal limitations formerly necessary for the creation of such estates by deed (not being an executory instrument). A precatory trust is properly a trust declared by a person … thus:- (I.) Express, or defined by words; divided into- (a) Trusts executed, perfect, complete, or constituted. (b) Trusts executory, imperfect, incomplete, or directory. (II.) Arising by operation of law, such as (a) Constructive, which arise when property
Uses
considerations. (b) Those arising by act of law, which were either- (1) Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:- … of uses:- (1) They were descendible according to the rules of the Common Law relating to the inheritable estates of intestates: and the special customs of gavelkind, borough-English, and copyholds, determined the particular descent of uses. This
Tail
as those by which before 1926 a similar estate-tail could have been created by deed not being an executory instrument in freehold land [see s. 60 (4) (b) and (c) of the (English) L.P. Act, 1925, reproducing … after 1925, dispose of the whole estate by will either expressly or by general reference to his entailed estates, and in that case it passes to his personal representatives and is liable for his debts. (4) It
Executed trust
do not legally import, 1 Sand. Uses and Trusts, 335 and see EQUITABLE ESTATE. As all trusts are executory in this sense, that the trustee is bound to dispose of the estate according to the tenure of … Executed trust, When an estate is conveyed to the use of A. and his heirs, with a simple declaration of trust for B.
Settled land
of 1882, as exten-ded by s. 20, 1925, such as tenants in tail, tenants in fee-simple subject to executory limitations over, and more particularly to an estate owner of land subject to family charges, and a married … Lord Wimborne & Browne (1904) 1 Ch 537; Wolstenholme & Cherry, Conveyancing, etc., Acts. Prior to 1856 settled estates could not be sold or leased except under the authority of some power in the settlement by which
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