Convenient, Affordable Legal Help - Because We Care. Additional … The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Definition of CESTUI QUE TRUST: He who has a right to a beneficial interest in and out of an estate the legal title to which is vested in another. It is like owning a share in the Stock Market, you may own a share… but it is still a share of the Stock. A beneficiary of a trust is the person who is entitled to all of the rights and privileges established by the trust. A cestui que trust is a formal Latin term referring to a beneficiary having an equitable interest in a trust, with the legal title being vested to the trustee. Ein Cestui Que Vie-Trust, ist ein „Lehen auf Lebenszeit" - es ist ein gebenes Lehen zu Schulden, das fiktive Konzept für ein erkauftes Leben. Although legal title of the trust is vested in the trustee, the cestui que trust is the beneficiary who is entitled to all benefits from a trust. Formerly, a beneficiary under a trust. In contemporary English the phrase is also commonly pronounced "setty-kay" (/ˈsɛtikeɪ/) or "sesty-kay" (/ˈsɛstikeɪ/). Stewart, 2006. A cestui que trust or cestui que use is a beneficiary of a trust. cestui que trust. 2) STRAWMAN: common term in United States of America or Canada. It is a Law French phrase of medieval English invention, which appears in the legal phrases cestui que trust, cestui que use, or cestui que vie. Real Prop. According to Roebuck, Cestui que use is pronounced /ˌsɛtɨkiˈjuːs/. Cestui Que [French, He or she who.] CESTUI QUE TRUST, A barbarous phrase, to signify the beneficiary of an estate held in trust. Collins Dictionary of Law © W.J. This can mean gaining access to … Cestui que trust is an old French term that means "the one who trusts." Cestui que vie remaining beyond Sea for Seven Years together and no Proof of their Lives, Judge in Action to direct a Verdict as though Cestui que vie were dead. 1) an old fashioned expression for the beneficiary of a trust. A confidence reposed in another, who was made tenant of the land or… CESTUI QUE TRUST A barbarous phrase, to signify the beneficiary of an estate held in trust. Post the Definition of cestui que trust to Facebook, Share the Definition of cestui que trust on Twitter. This is an advance summary of a forthcoming entry in the Encyclopedia of Law. Incluso el settlor podia constituirse en cestui que trust. Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. These are the legal entity/fiction created and owned by the Government whom created it. En este supuesto, aunque aquel transfieriese su dominio legal (legal ownership) a un trustee, sin embargo, la corte de equidad considero que surgia un dominio util de equidad (equity ownership) en su favor, si se hubiese insituido beneficiario del trust. Anglo-French, probably alteration of cestui que use. 1) CESTUI QUE TRUST: (pronounced setakay) common term in New Zealand and Australia 2) STRAWMAN: common term in United States of America or Canada These are the legal entity/fiction created and owned by the Government whom created it. Resources Notes and References. In trust law, a beneficiary or cestui que use, a.k.a. The following is an old definition of Cestui que Trust [1]: He for whom a trust exists, or was created: the beneficiary under a trust. Cestui definition: the person (who) | Meaning, pronunciation, translations and examples Legal Definition of cestui que trust. 2) "the one who trusts" or the person who will benefit from the trust and will receive payments or a future distribution from the trust's assets. tent [-trəs-tənt] [Anglo-French, probably alteration of cestui que use]: the beneficiary of a trust compare trustee. “Cestui que trust.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/cestui%20que%20trust. (306) Virtually any property subject to "equity" jurisprudence empowers the legal owner to convey good title free and clear of the rights of the cestui que trust, but only to bona fide purchasers. The que is pronounced ke. What made you want to look up cestui que trust? : the beneficiary of a trust — compare trustee. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement. Have you ever wondered about these lines? 1) CESTUI QUE TRUST: (pronounced setakay) common term in New Zealand and Australia. cestuy que trust (plural cestuys que trust) One who has the equitable and beneficial interest in property, the legal interest in which is vested in a trustee Cestui Que Use Definition of Cestui Que Use A person to whose use or benefit lands or other hereditaments were held by another person ; cf. 163. Cestui Qui Trust = The Strawman 3 / 3 Legal Definitions Person: A human being is not a person because he is a human being, but because rights and duties have been ascribed to him The ‘person’ is the legal subject or substance of which rights and duties are attributes Black’s Law Dictionary Not a human being, but the human being invisible coat The cestui que use and trust were rooted in medieval law, and became a legal … 'Nip it in the butt' or 'Nip it in the bud'. He's making a quiz, and checking it twice... Test your knowledge of the words of the year. Cestui Que Trust in United Kingdom Definition of Cestui Que Trust. A cestui que trust is a person for whose benefit a trust is created; a beneficiary. "You have an excellent service and I will be sure to pass the word.". Thus, if land is granted to the use of A in trust for B, B is cestui que trust, and A trustee, or use. Learn a new word every day. Thus, if land is granted to A, for the use of B while in trust, with remainder to C when the trust terminates, A is the trustee, B is cestui que use, and C the cestui que trust. Source: Merriam-Webster's Dictionary of Law ©1996. In accordance with the work A Dictionary of Law, this is a description of Cestui Que Trust : (Norman French, from cestuia que trust, he for whom is the trust). See further Trust, Cestui, etc. 'All Intensive Purposes' or 'All Intents and Purposes'? This archaic legal term has been largely replaced by “beneficiary” in most legal documents, although it is still encountered in some settings. Almost always some act of recordation or delivery of the transferred thing is required to "perfect" the transaction. The person English [] Alternative forms []. Test Your Knowledge - and learn some interesting things along the way. Further reading. A beneficiary will normally be a natural person, but it is perfectly possible to have a company as the beneficiary of a trust, and this often happens in sophisticated commercial transaction structures. Jump to navigation Jump to search. The term, principally owing to its cumbersome nature, has been virtually superseded in modern law by that of "beneficiary", and general law of trusts. He for whose benefit another person is enfeoffed or seised of land or tenements, or is possessed of personal property. A cestui que trust is a formal Latin term referring to a beneficiary having an equitable interest in a trust, with the legal title being vested to the trustee. Accessed 29 Dec. 2020. Please tell us where you read or heard it (including the quote, if possible). Can you spell these 10 commonly misspelled words? Delivered to your inbox! The person for whom a benefit exists. an archaic term in English law for the beneficiary under a trust. C3Certain words of enactment repealed by Statute Law Revision Act 1888 (c. 3) and remainder omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3 [I.] 2 Waslib. Definition of cestui que use. It has been proposed to substitute for this uncouth term the English word “beneficiary,” and the latter, though still far from universally adopted, has come to be quite frequently used. A Cestui Que Vie Trust is a fictional concept. Published under license with Merriam-Webster, Incorporated. The cestui que trust is the person entitled to an equitable, as opposed to a legal, estate. (See: beneficiary). cestui que trust (pronounced “seh tee kuh trust”) The beneficiary of a trust. The law looks with suspicion upon transactions between trustees and beneficiaries, and, when the cestui que trust sells trust property to the trustee, the burden is placed upon the grantee or trustee to whom such transfer is made to show that the grantor or cestue que trust was in possession of full information and acted upon her own volition or independent advice, and free from all influence of the grantee or trustee to whom such transfer is made. Cestui Que Vie Law and Legal Definition Cestui Que Vie is the person whose life measures the duration of a trust, gift, estate, or insurance contract. In trust law, a beneficiary or cestui que use, a.k.a. Merriam-Webster, Incorporated. In the context of the law, cestui que trust means a beneficiary of a trust. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! ‘The trustee may deal with the trust property for the benefit of the cestui que trust as his or her interest may require, but for himself and for his own benefit he may deal with it not at all.’ ‘A fiduciary may also owe tortious and contractual duties to the cestui que trust: … Legal definition of cestui que use: the beneficiary of a use. The cestui que trust is the person entitled to an equitable, as opposed to a legal, estate in the trust assets. It is like owning a share in the Stock Market, you may own a share… but it is still a share of the Stock. In life and health insurance it is the person on whose life or health the policy is written, commonly called the insured, policyholder, or policy owner. Cestui Que Trust Law and Legal Definition. Definition from Wiktionary, the free dictionary. The person who possesses the equitable right to property and receives the rents, issues, and profits thereof, the legal estate of which is vested in a trustee. Cestui que use and cestu… Cestui que is a shortened version of cestui a que use le feoffment fuit fait, literally, the person for whose use/benefit the feoffment was made, in modern terms a beneficiary. cestui que trust n. (properly pronounced ses-tee kay, but lawyers popularly pronounce it setty kay) from old French. Build a city of skyscrapers—one synonym at a time. It is a Temporary Testamentary Trust, first created during the reign of Henry VIII of England through the Cestui Que Vie Act of 1540 and updated by Charles II, through the CQV Act of 1666, wherein an Estate may be effected for the Benefit of a Person presumed lost or abandoned at “sea” and therefore assumed “dead” after seven (7) years. cestui que trust; Noun []. Are entitled to the benefit of any trust arrangement ) the beneficiary of a forthcoming entry the! 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