18:57
Im not paying a service to read my essay thats stupid so need some friends
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Simple English definitions for legal terms
cestui que trust
Read a random definition: e-contract
A quick definition of cestui que trust:
A cestui que trust is a person who benefits from a trust. They receive payments or assets from the trust and are sometimes called the beneficiary. It's an old-fashioned term that means "the one who trusts".
A more thorough explanation:
Cestui que trust: A beneficiary of a trust who will receive payments or future distributions from the trust's assets.
- John is the cestui que trust of his grandfather's trust, which will provide him with a monthly income for the rest of his life.
- As the cestui que trust of the trust fund, Sarah will receive a lump sum payment when she turns 25.
These examples illustrate how a cestui que trust is a beneficiary of a trust who will receive payments or future distributions from the trust's assets. In the first example, John is the beneficiary of his grandfather's trust and will receive a monthly income. In the second example, Sarah will receive a lump sum payment from the trust when she turns 25.