Settlement (trust)
Get Settlement Trust essential facts below. View Videos or join the Settlement Trust discussion. Add Settlement Trust to your PopFlock.com topic list for future reference or share this resource on social media.
Settlement Trust

A settlement in trusts law is a deed (also called a trust instrument) whereby real estate, land, or other property is given by a settlor into trust so that the beneficiary only has the limited right to the property (for example during their life), but usually has no right to transfer the land to another or leave it in their own will. Instead the property devolves as directed by the settlement.

History

Today, in most jurisdictions, settlements only confer beneficial rights under a trust, but formerly they were used to create legal estates for life or in tail, also to make provision for portions for younger children.

See also


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Settlement_(trust)
 



 



 
Music Scenes