honorary trust

honorary trust
honorary trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

honorary trust
An arrangement whereby property is placed in the hands of another to be used for specific noncharitable purposes where there is no definite ascertainable beneficiary—one who profits by the act of another—and that is unenforceable in the absence of statute.

Dictionary from West's Encyclopedia of American Law. 2005.


honorary trust
An arrangement whereby property is placed in the hands of another to be used for specific noncharitable purposes where there is no definite ascertainable beneficiary—one who profits by the act of another—and that is unenforceable in the absence of statute.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • Honorary trust — An honorary trust, under the law of trusts, is a device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust. While such a trust would normally be void for lack of a …   Wikipedia

  • honorary trust — An alleged trust predicated upon nothing more than a moral, ethical, or honorary obligation. 54 Am J1st Trusts § 15 …   Ballentine's law dictionary

  • honorary trust — noun A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is… …   Wiktionary

  • honorary trust — noun : a transfer of property for a designated noncharitable purpose that empowers the transferee to apply the property to the designated purpose or else to surrender it to the one making the transfer or to his estate and that is not enforceable… …   Useful english dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • honorary — I adjective commemorative, commendatory, dedicatory, enshrining, hallowing, honorific, honorifical, in memory of, in tribute, kept in remembrance, memorial, perpetuating, recalling to mind, serving to commemorate associated concepts: honorary… …   Law dictionary

  • Honorary — An honorary position is an unpaid position. Other uses include:* honorary title awarded as a mark of distinction ** honorary citizenship awarded to aliens who have rendered service to the state ** honorary degree academic degree awarded to… …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Honorary Police — Officers of Saint Helier Honorary Police There is an Honorary Police (French: Police Honorifique) force in each of the 12 parishes of Jersey. Members of the Honorary Police are elected by the voters of the parish in which they serve, and are… …   Wikipedia

  • honorary — As applied to public offices and other positions of responsibility or trust, this term means either that the office or title is bestowed upon the incumbent as a mark of honor or compliment, without intending to charge him with the active… …   Black's law dictionary

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