trust executed vs executory
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 50 U.S. 196 - Neves v. Scott · 1850Most cited · 29 citing opinions
The distinction between trusts executed and executory is this:—a trust executed is where the party has given complete directions for settling his estate, with perfect limitations; an executory trust, where the directions are incomplete, and are rather minutes, or instructions for the settlement.