In trust law, a settlement is a deed (also called a trust instrument) whereby real estate, land, or other property is given by a settlor into trust so the beneficiary has the limited right to the property (for example, during their life), but usually has no right to sell, bequeath or otherwise transfer it. Instead the property devolves as directed by the settlement.
Historyedit
In most jurisdictions, settlements only confer beneficial rights under a trust. They were formerly used to create legal estates for life or in tail, or to make provision for portions for younger children.
settlement, trust, this, article, about, kind, deed, within, trusts, other, uses, settlement, this, article, does, cite, sources, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, source. This article is about a kind of deed within trusts law For other uses see Settlement This article does not cite any sources Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Settlement trust news newspapers books scholar JSTOR May 2013 Learn how and when to remove this template message In trust law a settlement is a deed also called a trust instrument whereby real estate land or other property is given by a settlor into trust so the beneficiary has the limited right to the property for example during their life but usually has no right to sell bequeath or otherwise transfer it Instead the property devolves as directed by the settlement History editIn most jurisdictions settlements only confer beneficial rights under a trust They were formerly used to create legal estates for life or in tail or to make provision for portions for younger children See also editEnglish trust law Settled Land Acts Trust LawExternal links edit Settlement Encyclopaedia Britannica Vol 24 11th ed 1911 pp 705 706 nbsp This legal term article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Settlement trust amp oldid 1172047381, wikipedia, wiki, book, books, library,
