Precatory Words - Law Dictionary Search Results
Precatory words
Matched in: Term Precatory words
precatory
Matched in: Term precatory
Trust
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 by inference and not imperatively, and construed by the … for qui h'ret in litera h'ret in cortice. Trusts may be classed 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
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