Settlor - Law Dictionary Search Results
settlor
Matched in: Term settlor
trustor
trustor : settlor
trust
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 English use. The traditional requirements of a trust are a named
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Voluntary conveyance
in consideration of marriage or upon a sale or mortgage for valuable consideration or property coming to the settlor after marriage in right of his wife in void if the settlor becomes bankrupt within two years in
Accumulation
the income thereof shall be accumulated for any longer term than-- (1) The life of the grantor or settlor; (2) 21 years from the death of the grantor or settlor, or testator; (3) During the minority of
Fraudulent settlement
Fraudulent settlement. If a marriage settlement comprises property without which the settlor can-not pay his debts, or contain a covenant for the future settlement of property in which the settlor
Trust
holds the legal title; a property interest held by one person (trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary), Black's Law Dictionary, 7th Edn., p. 1513. A trust
Cy-pres
in whole or in part'or where there is a surplus left after exhausting the purposes specified by the settlor the court would not when there is a general charitable intention expressed by the settlor, allow the trust
Protector of the settlement
Under the (English) Fines and Recoveries Act, 1833 (3 & 4 Will. 4, c. 74), s. 32, the settlor might appoint a special protector. In the absence of this 'special' protector, the statutory protector, i.e., the owner
Portion
term preceded the settlement of the estate in fee or in tail according to the intention of the settlor. This method is still available although the term is not a legal estate and will not affect a
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