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Simple English definitions for legal terms
autre droit
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A quick definition of autre droit:
Term: AUTRE DROIT
Definition: Autre droit means "in right of another" in Law French. This phrase is used to describe how a trustee holds property for a beneficiary. It means that the trustee is holding the property for someone else and must act in their best interest. Think of it like a babysitter holding onto a toy for a child until they are ready to play with it again. The babysitter has to take care of the toy and make sure it is safe until the child wants it back.
A more thorough explanation:
AUTRE DROIT
Autre droit is a Law French term that means "in right of another." It is used to describe how a trustee holds property for a beneficiary.
For example, if John is a trustee for a trust fund set up for the benefit of Jane, John holds the property in autre droit for Jane. This means that John is holding the property for Jane's benefit and must act in her best interest when managing the trust fund.
Another example is when a parent holds property in autre droit for their child. The parent is the legal owner of the property, but they hold it for the benefit of their child.
Autre droit is a legal term that describes the relationship between a trustee and a beneficiary. The trustee holds the property in autre droit for the beneficiary, which means that they are holding it for the beneficiary's benefit. This relationship is important because it creates a fiduciary duty for the trustee to act in the best interest of the beneficiary.
The examples illustrate how autre droit works in practice. In both cases, the trustee is holding the property for the benefit of another person. This means that the trustee must act in the best interest of the beneficiary and cannot use the property for their own benefit.