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Hot Topics / Class Actions |
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Random Term From The Legal Dictionary |
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Precatory words
Words that express a wish or a desire rather than a clear command. "Precatory words" are often found in trusts or wills and cause great difficulties when courts try to find the real intention of the settlor or testator, For example, the words "all my property to my wife to be disposed of as she may deem just and prudent in the interest of my family" were found to be "precatory" and did not constitute a trust for family members other than the wife.
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Are you in compliance?
Corporate Recordkeeping Made Easy
Do you tend to ignore your corporate record keeping responsibilities and just hope for the best? Does keeping your corporate minute book complete and up-to-date seem relatively unimportant and all too easy to overlook? If so, you may be at risk and not even know it. Learn More.
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