cestui que trust

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cestui que trust

n. (properly pronounced ses-tee kay, but lawyers popularly pronounce it setty kay) from old French. 1) an old fashioned expression for the beneficiary of a trust. 2) "the one who trusts" or the person who will benefit from the trust and will receive payments or a future distribution from the trust's assets. (See: beneficiary)

cestui que trust

an archaic term in English law for the beneficiary under a trust.

CESTUI QUE TRUST, A barbarous phrase, to signify the beneficiary of an estate held in trust. He for whose benefit another person is enfeoffed or seised of land or tenements, or is possessed of personal property. The cestui que trust is entitled to receive the rents and profits of the land; he may direct such conveyances, consistent with the trust, deed or will, as he shall choose, and the trustee (q.v.) is bound to execute them: he may defend his title in the name of the trustee. 1 Cruise, Dig. tit. 12, c. 4, s. 4; vide Vin. Ab. Trust, U, W, X, and Y 1 Vern. 14; Dane's Ab. Index, h.t.: 1 Story, Eq. Jur. Sec. 321, note 1; Bouv. Inst. Index, h.t.

References in periodicals archive ?
Para Court of Chancery, ademas, el settlor constituia a su vez un dominio util de equidad (beneficial ownership = propiedad pretoria = possesio ad usus fructus) en favor del cestui que trust Este dominio util procesal otorga derechos, beneficios y frutos de equidad en beneficio del cestui que trustsobre el fondo patrimonial del trust.
Incluso el settlor podia constituirse en cestui que trust. En este supuesto, aunque aquel transfieriese su dominio legal (legal ownership) a un trustee, sin embargo, la corte de equidad considero que surgia un dominio util de equidad (equity ownership) en su favor, si se hubiese insituido beneficiario del trust.
The drafting formula became "Unto and the use of B and his heirs in trust for C and his heirs' and C to be known as the cestui que trust (229)'.