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Secret trust

Index Secret trust

A secret trust is a trust which arises when property is left to a person (the legatee) under a will on the understanding that they will hold the property as trustee for the benefit of beneficiaries who are not named in the will. [1]

13 relations: All-Woman Supreme Court, Beneficiary (trust), Common law, Death, Gift (law), Incorporation by reference, Legatee, Public policy, Secret trusts in English law, Trust law, Trustee, Unjust enrichment, Will and testament.

All-Woman Supreme Court

The All-Woman Supreme Court refers to a special session of the Supreme Court of Texas which met in 1925.

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Beneficiary (trust)

In trust law, a beneficiary or cestui que use, a.k.a. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement.

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Common law

Common law (also known as judicial precedent or judge-made law, or case law) is that body of law derived from judicial decisions of courts and similar tribunals.

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Death

Death is the cessation of all biological functions that sustain a living organism.

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Gift (law)

A gift, in the law of property, is the voluntary transfer of property from one person (the donor or grantor) to another (the donee or grantee) without full valuable consideration.

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Incorporation by reference

Incorporation by reference is the act of including a second document within another document by only mentioning the second document.

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Legatee

A legatee, in the law of wills, is any individual or organization bequeathed any portion of a testator's estate.

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Public policy

Public policy is the principled guide to action taken by the administrative executive branches of the state with regard to a class of issues, in a manner consistent with law and institutional customs.

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Secret trusts in English law

In English law, secret trusts are a class of trust defined as an arrangement between a testator and a trustee, made to come into force after death, that aims to benefit a person without having been written in a formal will.

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Trust law

A trust is a three-party fiduciary relationship in which the first party, the trustor or settlor, transfers ("settles") a property (often but not necessarily a sum of money) upon the second party (the trustee) for the benefit of the third party, the beneficiary.

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Trustee

Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another.

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Unjust enrichment

In contract law, unjust enrichment occurs when one person is enriched at the expense of another in circumstances that the law sees as unjust.

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Will and testament

A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution.

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Redirects here:

Fully secret trust, Half secret trust, Half-secret trust, Semi secret trust, Semi-secret trust.

References

[1] https://en.wikipedia.org/wiki/Secret_trust

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