honorary trust

glossary / honorary trust

honorary trust

A noncharitable trust that is of doubtful validity because it lacks a beneficiary capable of enforcing the trust.

? Examples include trusts for the care and support of specific animals, or for the care of certain graves. The modern trend is to recognize the validity of such trusts, if the trustee is willing to accept the responsibility. If the trustee fails to carry out the duties, however, a resulting trust arises in favor of the settlor’s residuary legatees or next of kin. [Cases: Trusts 1. C.J.S. Trover and Conversion ¡ì¡ì 1¨C9, 14¨C18.]

What is the Chinese interpretation of honorary trust?
TermBase About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.
Scroll to Top