Testamentary Trust - Law Dictionary Search Results

testamentary trust

Matched in: Term testamentary trust

Trust

Matched in: Term Trust

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a lunatic who had attained the age of 21 in 1925 and died intestate without having recovered his testamentary capacity (s. 51 (2) ibid.) and otherwise, cf. ss. 51 (1) and 51 (3) ibid. The doctrine is … D 656]. Thus, when a person entitled to the fee simple of an estate to be purchased with trust money causes some of the securities for the money to be changed and held in trust for himself,

Undivided shares in land

the commencement of the (English) L.P. Act, 1925 (1st January, 1926), see 1st Sch., Part IV. As to testamentary dispositions in undivided shares, see s. 34 (3). As to settlements of land in undivided shares, see s. … by the same s. 1 (3) and ss. 34 (4), 205, and 1st Sch., Part IV., and cf. TRUST FOR SALE, such shares are to take effect as equitable interests only in the net proceeds of sale

Real representative

person was entitled for an interest not ceasing on his death shall, on his death and notwithstanding any testamentary disposition thereof, devolve from time to time on the personal representative of the deceased in like manner as … and s. 30 of the (English) Con-veyancing Act, 1881 (relating to the devolution upon the personal representative of trust and mortgage estates belonging to the deceased), were consolidated and extended by the Administration of Estates Act, 1925

Annuity

or any other personal estate if the technical words 'heirs of the body' or 'in tail' are used. Testamentary annuities are prima facie considered to be payable out of income and for the life of the annuitant … definite amount in the purchase of an annuity. If there is only a power as distinguished from a trust to purchase an annuity, the annuitant's right to the capital value only arises upon or after the trustees

Fidei-commissum

Fidei-commissum, a testamentary disposition, by which a person who gives a thing to another imposes on him the obligation of transferring … on a legatee. It appears that there were no legal means of enforcing the due discharge of the trust called fidei-commissum till the time of Augustus, who gave the consuls jurisdiction in the fidei-commissa. Fidei-commissa seem to

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Testamentary Trust - Law Dictionary Search Results