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Precatory Trust

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A quick definition of Precatory Trust:

A precatory trust is a type of trust that is created with language that expresses a future wish or intent, but the court still finds legally enforceable duties. Normally, a trust must have language that expresses a present intent to create legally enforceable duties on the trustee. However, in some cases, the court will still find intent to create legally enforceable duties in a trust that uses precatory language by looking at the relationship between the parties. This means that the trust will not fail for lack of trust intent.

A more thorough explanation:

A precatory trust is a type of trust that is created with language that expresses a future intent or a wish, but in which the court still finds legally enforceable duties. Normally, a trust must have language that expresses a present intent to create legally enforceable duties on the trustee in order to be valid. However, in some cases, the court will still find intent to create legally enforceable duties in a trust that uses precatory language.

For example, if a father creates a trust for his son and uses language like "I hope my son will use this money for his education," the court may still find that the father intended to create legally enforceable duties on the trustee (in this case, the son) to use the money for education. This is because of the familial relationship between the father and son, which suggests that the father intended for the trust to be more than just a suggestion or wish.

Another example of a precatory trust might be a trust created by a wealthy philanthropist who wants to leave money to a charity, but uses language like "I hope the charity will use this money to help the homeless." Again, the court may find that the philanthropist intended to create legally enforceable duties on the charity to use the money for the specified purpose.

In both of these examples, the court is looking beyond the specific language used in the trust to determine the intent of the person who created it. If the court finds that there was a clear intent to create legally enforceable duties, then the trust will be valid and enforceable.

precatory | precedent

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what do you do with your days as an unemployed crypto guy? do you play an instrument or something
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this is what i feel like when i get one single drill question right
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when u get one wrong ;(
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Or like
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Frat
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Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
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no way they want four pages that’s crazy
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bitches wanna be different sooo bad 😴
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Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
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But it's 1/2 inch margins
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assuming it was 2 already, you’ve totally got 3 double spaced pages in you
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should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
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I like Dean Z not sure why she gets slandered sometimes
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I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
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okay I’ll check them out
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hey so where do i see my LSAC GPA bc i know they calculate it differently
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sorry new to dis
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