Grantor Trust - Law Dictionary Search Results

by deed or registration now, the legal completion of the transaction did and does not, as between the grantor and grantee, import either consideration or evidence that the grantor intended to divest himself of the beneficial ownership. … v. Atkinson, (1861) 1 B&S 393; Re Empress Engineering Co., (1880) 16 Ch D 125; but if a trust be created for the third party, there is a departure from the rule and the third party can

Trust

Matched in: Term Trust

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deed

2 : a deed in which the grantor makes no warranties of title to the grantee deed of trust : an instrument securing a debt in which a debtor conveys the legal ownership of real property to … a written instrument by which a person transfers ownership of real property to another see also deliver, grantee, grantor, recording act, registry, title compare certificate of title NOTE: A deed must be properly executed and delivered in

trust

Matched in: Term trust

use

a : an arrangement in which property is granted to another with the trust and confidence that the grantor or another is entitled to the beneficial enjoyment of it see also trust Statute of Uses in the

Resulting trust

Matched in: Term Resulting trust

Administrative control rule

Administrative control rule, means the rule making the grantor of a trust liable for tax if the grantor retains control that may be exercised primarily for the

Disentailing Deed

barring the entail may be made by a simple conveyance either upon trust for or absolutely to the grantor.

Abstract of title

statutory power of disposal, and in equity every purchaser taking property with notice (qu. vide) of any estate, trust, incumbrance, or interest affecting it took the property subject thereto, but legislation and the practice of conveyancers have … faithfully given. The receipt clause should be attended to, the amount of the consideration, the names of the grantors and grantees, and the identity of the parcels, and that there are no exceptions therein. The words of

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