CESTUI QUE VIE TRUST: THE NATURE OF THE RIGHTS OF THE CESTUI QUE TRUST. • WHAT IS IT'S SOLE PURPOSE?,
THE NATURE OF THE RIGHTS OF THE CESTUI QUE TRUST. • WHAT IS IT'S SOLE PURPOSE?, The CESTUI QUE TRUST (commonly pronounced "setty-kay trust") is a LEGAL CONCEPT rooted in English COMMON LAW, dating back to medieval times, and primarily governs the relationship between a Trustee and the Beneficiary of a Trust. Let’s break it down: Nature of the Rights of the CESTUI QUE TRUST. The CESTUI QUE TRUST is the BENEFICIARY of a TRUST . This INDIVIDUAL or ENTITY DOES NOT HOLD LEGAL TITLE to the PROPERTY within the TRUST BUT HOLDS an E quitable interest in it. The TRUSTEE, ON THE OTHER HAND, HOLDS THE LEGAL TITLE and MANAGES the TRUST PROPERTY for the BENEFIT OF THE BENEFICIARY . The RIGHTS OF THE CESTUI QUE TRUST are primarily equitable, MEANING THEY ARE ENFORCEABLE IN A COURT of EQUITY (as OPPOSED TO A COURT OF LAW). These rights include the following: RIGHT TO ENJOYMENT : The CESTUI QUE TRUST has the RIGHT TO BENEFIT from the TRUST PROPERTY , whether ...