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06:53 Dec 12, 2016
English to Spanish translations [PRO] Law/Patents - Other / Testaments, Trusts
English term or phrase:Settlement
This is from a Testament. Here is the context:
During the Trust Period my Trustees may at any time or times:
(ii) transfer all or any parts of the income or capital of the Legacy Fund to the Trustees of any Settlement wherever established (whose receipt shall be a good discharge to them) to be held free from the trusts of this Will and on the (...)
I have found definitions like:
Settlement: - The process of making the determinations and distributions associated with a trust.
- A conveyance, usually to trustees, of property to be enjoyed by several persons in succession
- the deed or other instrument conveying such property
- the settling of property, title, etc., upon a person.
- the property so settled.