cestuy
- noun
- /ˈsɛstəˌwi/
- Archaic
- As a cestuy, she is entitled to the benefits generated by the estate during the trust's duration.
Examples
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The cestuy of the trust will receive the assets after the trustee has fulfilled their obligations.
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The lawyer explained that the cestuy must be informed about any changes to the trust agreement.
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The cestuy que trust is not bound to prove, nor is the court bound to judge, that the trustee has made a bargain advantageous to himself.
Academic text (2017) -
It is to guard against this uncertainty and hazard of abuse, and to remove the trustee from temptation, that the rule does and will permit the cestuy que trust to come, at his own option, and without showing actual injury.
Academic text (2017)
Synonyms
A person who gets money, property, or a title when someone dies
A person who receives money or a gift, often from a trust
A person who gets money or property from a will
A person who shares a benefit from a will, insurance policy, or trust
A person who shares money or property left by someone who died
Surface Forms
Etymology
Cestuy comes from the old French word cestui, which meant 'this one', so it was used to name the person who would receive the benefits of a trust or estate.