Precatory Trust

Learn about the definition for this legal term.

What is Precatory Trust?

An express trust that is created with language that expresses a future intent or a wish, but in which the court nevertheless finds legally enforceable duties. Normally trust language must express a present intent to create legally enforceable duties on the trustee in order to have trust intent.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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