voluntary settlement
Defined in 3 dictionaries — Case Law, Cyclopedic (1922), Black's (1910)
Definitions from Case Law
From 21 U.S. 229 - Sexton v. Wheaton · 1823Most cited · 120 citing opinions
A voluntary conveyance by a person not indebted, is clearly good against future creditors. That constitutes the distinction between the two statutes. Fraud vitiates the transaction; but a settlement not fraudulent, by a party not indebted, is valid, though voluntary.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A transaction whereby a grantor makes and executes a deed which he does not deliver to the grantee, but leaves it with a notary with instructions to record the deed after the death of the grantor is a voluntary settlement. 216 111. 164.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A settlement of property upon a wife or other beneficiary, made gratuitously or without valuable consideration.
Defined under Settlement in Black's Law Dictionary.